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Subject:  Re: Buying Real Estate in an IRA Date:  7/29/2002  10:49 PM
Author:  TMFTaxes Number:  61048 of 127753

Great analysis, Peter. Very well done.

You've covered virtually all of the issues.

For what it's worth, while it's still kinda grey, I agree with your assesement on the tax issues on debt financed property. I can find NO trustee/lender that will grant a loan on IRA owned property without some type of personal guarantee...and as you point out, a personal guarantee will (in my opinion) trigger a prohibited transaction.

For additional information on taxes in your IRA, check out my article on that very subject in the Tax Center.

TMF Taxes
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