No. of Recommendations: 1
2Bprepared: "Where could I go about finding out how to put real-estate into a ROTH?"

Contributions can only be in the form of cash, so you cannot put real estate directly into your IRA. Funds from a self-directed IRA can be used to purchase real estate, but there are a host of limitations and potential for significant tax expenses and penalties.

Google will be your friend, but from my notes (and I am not vouching for any of hte foregoing):

http://www.utsandiego.com/uniontrib/20061008/news_1b8lynn.ht...

One formidable roadblock that adventuresome investors can smack into is something called a prohibited transaction, which the IRS considers to be any improper use of an IRA by the owner or other so-called disqualified persons, which include spouses, parents and children.

While you can make yearly contributions to an IRA, you can't contribute sweat equity to the property.

Another threat that nontraditional IRA investors face is commingling outside cash with their retirement account.

http://www.iraaa.org/ground-your-retirement-fund-with-real-e...

http://www.iraaa.org/yes-you-can-buy-real-estate-with-your-i...

http://www.dol.gov/ebsa/programs/ori/advisory2000/2000-10a.h...


Regards, JAFO

DISCLAIMER - THIS IS NOT LEGAL ADVICE; IF YOU NEED LEGAL ADVICE, SEEK A LAWYER LICENSED IN YOUR JURISDICTION
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement