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efta-efta00655693DOJ Data Set 9OtherFrom: Jeremy Rubin S>
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DOJ Data Set 9
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efta-efta00655693
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From: Jeremy Rubin S>
To: "jeffrey E." <jeevacation(kgmail.com>
Subject: Question
Date: Fri, 01 Sep 2017 21:52:11 +0000
Let's say I open an IRA (regular or Roth).
Then I create an LLC that I am CEO of, and sell 100% ownership to the IRA in exchange for purchase $100K in Bitcoin
through it.
As far as I understand, this is now a kosher Bitcoin retirement fund.
But lets say the LLC spends/loses the coins. The value goes down, and my IRA is at a loss, right? But I was able to take the
coins out of the LLC without taxes, right?
Am I missing a step here or is this an interesting new technique?
Best,
Jeremy
EFTA00655693
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