Solved
Crypto Taxes
Hello,
My question is if I sell some crypto and put the proceeds into an IRA account, is that still considered a taxable event? Thank you!
@Shank20 thank you for the question. I love the fact that you are thinking about making a retirement contribution. So, the key here is you are selling Cryptocurrency and then putting the proceeds in an IRA, so this would be a taxable event.
If you are contributing to a Traditional IRA, which is tax-deferred, meaning that you don’t have to pay tax on any interest or other gains the account earns until you withdrawal the money, it may be eligible for a tax deduction though. See this for more details: Deductions Allowed for Contributions to a Traditional IRA
In general, if the Crypto is in a Traditional IRA, you will pay no tax until you distribute the funds. If it is in a Roth IRA, you would not pay taxes when you distribute the funds. This would need to be at retirement age though.
**Say "Thanks" by clicking the thumbs up icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Get answers to all your tax questions
Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.
Explore your optionsEnter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2026 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.
Security Certification of the TurboTax Online application has been performed by C-Level Security.
By accessing and using this page you agree to the Terms of Use.
© 2026 Intuit Canada ULC or its affiliated companies. All rights reserved. Intuit, QuickBooks, QB, TurboTax and ProFile are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.
Copyright © Intuit Canada ULC, 2026. All rights reserved.
© 2026, Entreprises Intuit Canada ULC ou ses sociétés affiliées. Tous droits réservés. Intuit, QuickBooks, QB, TurboImpôt et ProFile sont des marques déposées d’Intuit Inc. Les modalités, prix, fonctions et options de service et de soutien peuvent changer sans préavis.
© 2026, Entreprises Intuit Canada ULC. Tous droits réservés.