Ray I am not positive about this but I believe your IRA has to be self directed.

This is a huge CPA question and I bet our friend FSD, while not a CPA will have insightful commentary here.

That said, my uninformed opinion is that in order for a property or trust deed or anything of that sort to be held by the IRA you need to find an entity that will allow you to move your IRA into a self directed IRA. Thus the title is actually held by the IRA. It is pretty complex but I think you get the idea of what I am talking about.

Now if you are talking about using some of the IRA money to help with a downpayment or something of that nature then it is an entirely different conversation. Basically you are taking a loan out. There are tax laws and implications as well as interest to payback but again, this is a CPA question even though there will most likely be many helpful responses to your post.

SD Realtor

Ray I am not positive about this but I believe your IRA has to be self directed.

This is a huge CPA question and I bet our friend FSD, while not a CPA will have insightful commentary here.

That said, my uninformed opinion is that in order for a property or trust deed or anything of that sort to be held by the IRA you need to find an entity that will allow you to move your IRA into a self directed IRA. Thus the title is actually held by the IRA. It is pretty complex but I think you get the idea of what I am talking about.

Now if you are talking about using some of the IRA money to help with a downpayment or something of that nature then it is an entirely different conversation. Basically you are taking a loan out. There are tax laws and implications as well as interest to payback but again, this is a CPA question even though there will most likely be many helpful responses to your post.

SD Realtor

Ray I am not positive about this but I believe your IRA has to be self directed.

This is a huge CPA question and I bet our friend FSD, while not a CPA will have insightful commentary here.

That said, my uninformed opinion is that in order for a property or trust deed or anything of that sort to be held by the IRA you need to find an entity that will allow you to move your IRA into a self directed IRA. Thus the title is actually held by the IRA. It is pretty complex but I think you get the idea of what I am talking about.

Now if you are talking about using some of the IRA money to help with a downpayment or something of that nature then it is an entirely different conversation. Basically you are taking a loan out. There are tax laws and implications as well as interest to payback but again, this is a CPA question even though there will most likely be many helpful responses to your post.

SD Realtor

I also heard that if you are using an IRA to purchase real estate, you cannot leverage, which is one of the main advantages of real estate.

I also heard that if you are using an IRA to purchase real estate, you cannot leverage, which is one of the main advantages of real estate.

This is a little off topic, but I have the following concern. What about some of the tax implications of rolling over a Traditional into a Roth. Are all of the amounts taxed at you income rate?

My income will be about 60K this year. I rolled over about 30K in 401K from previous emplyer into Traditional IRA’s,and then converted into Roth IRA’s. I elected to withhold the standard 10%, however, I am wonering if at tax time I will owe the remaining 18% to the IRS. Can anyone help me on this one?

This is a little off topic, but I have the following concern. What about some of the tax implications of rolling over a Traditional into a Roth. Are all of the amounts taxed at you income rate?

My income will be about 60K this year. I rolled over about 30K in 401K from previous emplyer into Traditional IRA’s,and then converted into Roth IRA’s. I elected to withhold the standard 10%, however, I am wonering if at tax time I will owe the remaining 18% to the IRS. Can anyone help me on this one?