Timothy Sumer

On March 21, 2023, the Treasury Department and the IRS issued Notice 2023-27 which announces that they are soliciting feedback for upcoming guidance regarding the tax treatment of a nonfungible token (NFT) as a collectible under the tax law. The Notice states that the IRS intends to issue guidance that treats certain NFTs as collectibles for purposes of IRC Section 408(m). It outlines the approach the IRS is considering and asks for comments by June 19, 2023. For retirement account investors, the determination of whether an NFT is crucial as to whether the asset can be purchased by a retirement account . On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss the new Notice, explain what NFTs are, and walk you through the new “look-through analysis" that may help determine whether an NFT is a collectible, and thus, a prohibited investment with your retirement account . Join us LIVE on Monday, March 27th at 12:45PM EDT! -- Read more abou...

Step into virtual reality with Chris Kuiper, Director of Research at Fidelity Digital Assets, and Alex Lieberman, Co-founder of Morning Brew, as they muse about cryptocurrency, the Metaverse and the future of money. 0:00 Into the Metaverse 1:45 The Meta-what? 8:03 Intro to crypto 14:11 Crypto and the younger generation 16:58 Risks and safety 18:52 Understanding Bitcoin 22:22 NFTs and the value of digital goods 28:24 Transacting in the Metaverse 31:19 Q & A Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 1012580.7.0... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Into the Metaverse: A Crypto Conversation | Fidelity Cryptocurrency has been a hot topic in the financial world for quite some time now. Many investors, both institutional and retail, have been trying to navigate this rapidly evolving ...

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