Retirement distributions

You can’t withdraw money or crypto directly from your Fidelity Crypto^® IRA. You can move money from the USD position in your Fidelity Crypto^® IRA to your linked Fidelity brokerage IRA so you can use its withdrawal features.

Transfers between your linked Fidelity brokerage IRA and Fidelity Crypto^® IRA are nonreportable and nontaxable.

Tax treatment is determined by the IRA type. Contributions and distributions are completed and reported through the linked Fidelity brokerage IRA.

The value of assets in Fidelity Crypto^® IRAs is reported on Form 5498 and is included in required minimum distribution (RMD) calculations for the linked Fidelity brokerage IRA.

Required minimum distributions (RMDs) aren’t taken from the Fidelity Crypto^® IRA. RMDs can be taken from the linked Fidelity brokerage IRA or another IRA that can satisfy the requirement. The value of the Fidelity Crypto^® IRA is included in the RMD calculations of the linked Fidelity brokerage IRA.

Withdrawal rules apply according to the IRA type you choose for your Fidelity Crypto^® IRA. Distributions reported on Form 1099-R will indicate by code whether the withdrawal is early.

Form 1099-R is generated only when there’s a distribution directly from a retirement account. Distributions are reported through the linked Fidelity brokerage IRA where withdrawals are handled.

Roth conversions aren’t available with Fidelity Crypto^® IRAs. Roth conversions can be performed between Fidelity brokerage IRAs. You can then move the money from a Fidelity Roth IRA to a linked Fidelity Crypto^® Roth IRA.