Are there any tax implications or considerations when using a Merrill Lynch HSA for digital currency investments?

1 answers

• Andi YahyaApr 10, 2023 · 3 years ago
  As a digital currency investor, it's essential to consider the tax implications when using a Merrill Lynch HSA. While HSAs offer tax advantages for qualified medical expenses, investing in digital currencies may not fall under the category of qualified expenses. It's important to consult with a tax professional to understand the specific tax rules and regulations regarding digital currency investments in an HSA. They can provide guidance on how to navigate the tax implications and ensure compliance with the IRS guidelines.
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