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I have a question about what is considered a 'self directing
Hi Pearl. I have a question about what is considered a 'self directing IRA' or allowable retirement investment. I have a 401K that my employer has stopped contributing to and I'd like to convert it to… read more
Dr. Fiona Chen
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I have a question on checkbook IRA's. I was planning on
I was planning on creating a multi-member LLC in New Jersey with two members, my 401K Retirement Fund (65% of the funds) and my wife's SEP-IRA (35% of the funds). My wife and I would be listed as managers of the LLC on a 50/50 % ownership. All this to be under a Checkbook Self-Directed IRA for the main purpose of investing in real-estate backed loans. Is this possible? If not, how should I proceed? I was planning on creating a multi-member LLC in New Jersey with two members, my 401K Retirement Fund (65% of the funds) and my wife's SEP-IRA (35% of the funds). My wife and I would be listed as managers of the LLC on a 50/50 % ownership. All this to be under a Checkbook Self-Directed IRA for the main purpose of investing in real-estate backed loans. Is this possible? If not, how should I proceed? … read more
Robin D.
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If I establish a self-managed IRA and use its funds to
If I establish a self-managed IRA and use its funds to purchase a two-family unit/house, manage this rental property but never reside in it (rent it to unrelated tenants), would it be in compliance wi… read more
Mark Taylor
Mark Taylor
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Need a CPA here is my question in UBIT I have a self directed
Need a CPA here is my question in UBIT I have a self directed IRA than owns a house i paid 200k for the land from my IRA selfdirected trust then got a 350k non recourse morgage that we have if we sell… read more
R. Klein, EA
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I have a situation where my I am about to leave one employer
I have a situation where my I am about to leave one employer and start work with another employer. I have money in a 401(k) which I need to take with me. I would like to put the money in a self direct… read more
Lane
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This is quite a few questions so I am willing to pay a premium
This is quite a few questions so I am willing to pay a premium for the answers. We have rolled our SD IRA to an Solo 401K. We are planning on buying realestate rentals with the funds. My questions are… read more
Megan C
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This is not a duplicate, do not closed I havr read quite a
This is not a duplicate, do not closed I havr read quite a bit about self directed 401k IRA LLC, or self directed 403b . First I want to make sure I can just put a part of my lump sum rollover into an… read more
Lev
Lev
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Bachelor's Degree Equivalent
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This is not a duplicate, do not closed I havr read quite a
This is not a duplicate, do not closed I havr read quite a bit about self directed 401k IRA LLC, or self directed 403b . First I want to make sure I can just put a part of my lump sum rollover into an… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,586 satisfied customers
Bill, I havr read quite a bit about self directed 401k IRA
Bill, I havr read quite a bit about self directed 401k IRA LLC, or self directed 403b . First I want to make sure I can just put a part of my lump sum rollover into an entity like this . I have 350k. … read more
Megan C
Megan C
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A taxpayer wants to purchase a residential rental property
A taxpayer wants to purchase a residential rental property using funds from his IRA. Can the IRA own the property? Can an LLC be set up if the property is owned by the IRA?… read more
Lane
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Doctoral Degree
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Hi, my friend has a situation that she owes 100k to pay off
Hi, my friend has a situation that she owes 100k to pay off her home and is planning to buy a town home of about 250k as investment. if she recieves 100k from her parents to do what she wants with it,… read more
Megan C
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My husband and I want to buy, rehab, and sell small homes as
My husband and I want to buy, rehab, and sell small homes as a retirement business. We want to set up a 401k for the business. Does a real estate flipping business qualify under IRS rules to have a 40… read more
Lev
Lev
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With regard to my previous below question, my biggest concern
With regard to my previous below question, my biggest concern is the overhead costs or home improvements that would come up in future. What if my 401 does not have enough funds for these expenses, bec… read more
CGCPA
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Hi, I have a self directed 401 account which is 1/4 of the
Hi, I have a self directed 401 account which is 1/4 of the cost of an apartment. Can I get a loan for the self directed 401 and use the 401 money, and with the total amount buy for example an apartmen… read more
CGCPA
CGCPA
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Following up on the same issue above , I am planning to use
Following up on the same issue above , I am planning to use cash in my Self directed IRA , 500K to buy my wife interest in an existing rental property that she owns outright , the rental property , cu… read more
Lev
Lev
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I currently have too much single family residences (for rent
I currently have too much single family residences (for rent or sale) in my profit sharing plan's portfolio (> 50%). I am 65 years old and am still a working dentist, so, I intend to keep the profi… read more
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My husband has a TSP through the government and we would like
My husband has a TSP through the government and we would like to investigate rolling the entire amount over into real estate. Are we able to do this without any tax consequences?… read more
Gerri A Harrison CFP EA
Gerri A Harrison CFP EA
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Can I use funds in an IRA to make an arms-length loan to an
Can I use funds in an IRA to make an arms-length loan to an unrelated person? Specifically, I would like to "self-direct" funds in a tranditional IRA account as an auto loan, which would then be repai… read more
Lev
Lev
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