Digital Assets

Tony_Damon_P — Sun, 23 Mar 2025 22:34:03 GMT

Hi,
Last year, I sold some mutual funds in a Roth IRA. While I understand that gains from investment sales in retirement accounts are tax-free (unless withdrawn before age 59.5 and the retirement account was held for less than 5 years), I see on my tax form a question about Digital Assets. The question goes like this:
"At any time during 2024, did you: (a) receive (as a reward, award, or payment for property or services); or (b) sell, exchange, or otherwise dispose of a digital asset (or a financial interest in a digital asset)?"

From my understanding, it looks like it's cryptocurrency assets, but I can't help but wonder if it also refers to mutual funds, ETFs, bonds and stocks.

The mutual funds I sold were not cryptocurrency related. One of them was an S&P 500 index fund, another was a real estate income fund and the last one was a construction and housing fund.

I would appreciate any insight into this question as it applies to my situation.

Thanks!

Re: Digital Assets

robtm — Sun, 23 Mar 2025 23:22:49 GMT

No - Mutual funds, etfs, bonds, stocks are not digital assets. Crypto currencies are digital assets.

Re: Digital Assets

Tony_Damon_P — Mon, 24 Mar 2025 00:39:01 GMT

Thanks Rob!

That's a relief to know.

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Digital Assets

Re: Digital Assets

Re: Digital Assets