What is a QRP? What is the EQRP?

QRP & eQRP® have generated incredible excitement and interest within the self-directed investor community – from crypto-enthusiasts and gold & silver precious metals investors to real estate syndicators. But, there appears to be extensive misunderstanding of QRPs, so we’re here to set the record straight for you and all investors that want total financial control. For expert analysis, review, and FAQ about QRP, QRP-LLC, Solo QRP, Solo 401k & SDIRA, read on. Continue reading “What is a QRP? What is the EQRP?”

Crypto IRA and Crypto 401k Overview: Tax Free Bitcoin Interview

In this live radio broadcast, we discussed the fundamentals of Cryptocurrency taxation and tax-free Cryptocurrency retirement account investing. If you’d like to invest tax efficiently in Bitcoin (BTC), Initial Coin Offerings (ICOs), Bitcoin mining, and any other Blockchain venture, this podcast will give you the basics for doing so with Checkbook SDIRA and Solo 401K Plans.

The IRS published guidance regarding the tax treatment of virtual currencies in IRS Notice 2014-21. Cryptocurrency transactions, even when no “fiat” is received, are taxable events. For example, if a crypto investor trades Bitcoin for Ethereum, he may owe taxes on that trade – but the transaction will not have provided any US Dollars with which to pay the tax liability (the IRS does not yet accept crypto payment of taxes).

Crypto-mining has particularly unfavorable tax treatments as ordinary income. Self-directed retirement accounts, when properly structured, can be used to significantly improve the tax results of mining operations.

How To Buy Bitcoin Using a Self Directed IRA-LLC, QRP or Solo 401k