The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Buying Real Estate in an IRA||Date: 7/29/2002 10:49 PM|
|Author: TMFTaxes||Number: 61048 of 122503|
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.
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