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New Member
posted Apr 15, 2022 11:36:43 PM

If I took my money out of a retirement fund to invest in crypto do I need to pay taxes on it . If all I did was reinvest it

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1 Replies
Level 15
Apr 16, 2022 5:37:56 AM

Unless you reinvested it into another qualified retirement fund, it is taxable, and may also be subject to an early withdrawal penalty.