What's the Most Tax-Friendly Way to Hold Bitcoin?
Bitcoin (CRYPTO: BTC) has gained notoriety for a number of reasons, most obviously because it's up 97% year-to-date and has vastly outgained the S&P 500 over the past several years. With great gains often come high taxes, so it's especially important to know which accounts are best suited to holding the popular cryptocurrency.
Here, we'll look at the tax-related pros and cons of owning Bitcoin in accounts with different tax treatments.
It's still pretty common for employers to keep Bitcoin off their investment menus. However, in a tax-deferred 401(k) or 403(b), there are benefits to holding Bitcoin if you're able to buy it.
Source Fool.com