The Oldest and Most Trusted Real Estate News Magazine

Q&A: self directed ira?

By

www.SunwestTrust.com, 800-642-7167, Self Directed IRA Custodian is known for its diversified business interests. These include self-directed IRAs that allow clients to invest their IRA in anything that the IRS will allow such as Real Estate, Mortgages, Limited Liability Companies and Private Stock. In addition to Escrow and IRA businesses, Sunwest also acts as a facilitator for 1031 tax deferred exchanges for real estate. Need a video or a video marketed for your business contact Best Online Results http
Video Rating: 4 / 5

Question by jaybike1997: self directed ira?
If I buy property with the funds from my IRA how do I collect rent, or handle repairs, taxes, etc.

Best answer:

Answer by JaretR72
All income and expenses for the rental should flow through the IRA account. Any expenses you pay personally (with non IRA funds) will be considered to be additional contributions to your IRA and may be deductible to you (as IRA contributions of course). Keep in mind also that it’s possible you might not be eligible to make IRA contributions if you are already participating in a 401(k) or some other employer plan.

Know better? Leave your own answer in the comments!

Kihei Bay Surf #130
self-directed IRA

Image by kaiscapes
Kihei Bay Surf #130, Maui, Hawaii. Self-directed IRA real estate investment. Interior design by Barbara Armstrong, creativehomeremedies.com.

Tags: ,

Sitemap Madbadcat Graphics