Post
Topic
Board Economics
Re: How and why to hold bitcoins in your Roth IRA (yes, you can do it today!)
by
BitchicksHusband
on 03/01/2014, 18:31:44 UTC
If you hold for a year and make less than $72,000 joint ($36,000 single) in non-long-term-gain salary then you also pay no capital gains taxes.

Is this a new thing, because that didn't used to be true.  Are you sure it is based only on your non-long-term-gain income?

How can we be sure it will be true in the future?  Those tax rates and rules change almost every year!

This is not a new thing.  It has been for years (since 2008).  See the table here for the rates:

https://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States#Deferment_strategies


The qualifications for the tax brackets are here:

https://origin.bankrate.com/finance/taxes/tax-brackets.aspx


"Ordinary income is usually characterized as income other than {long-term} capital gain." {Brackets mine}  I have confirmed with my tax adviser that short-term capital gains ARE ordinary income, long-term are not.

https://en.wikipedia.org/wiki/Ordinary_income