Buy Real Estate for your IRA - Yes you can but beware
Can you buy real estate for your IRA? Yes, you can but the rules might not make it your best investment. Here is an article about the possibility but it neglects to mention the loss of depreciation in the financial equation - another key factor in buying real estate as an investment.
By Tom Kelly
Inman News
The guidelines covering real estate IRAs are stringent. If you break one of these rules, you could jeopardize your tax-free status on your account.
The land or house must be treated like any other investment. All rental profits must be returned to the trustee.
By Tom Kelly
Inman News
The guidelines covering real estate IRAs are stringent. If you break one of these rules, you could jeopardize your tax-free status on your account.
Check out more info by clicking on the link below.
http://www.inman.com/hstory.aspx?ID=44848