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http://boards.fool.com/great-analysis-peter-very-well-done-youve-17603506.aspx
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| Subject: Re: Buying Real Estate in an IRA | Date: 7/29/2002 10:49 PM | |
| Author: TMFTaxes | Number: 61048 of 126011 | |
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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 Roy |
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