The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Buying Real Estate in an IRA||Date: 8/9/2002 11:19 AM|
|Author: number9er1||Number: 61169 of 122300|
Thank you both for the support of an idea that continues to haunt me. I don't know if it's good or bad?
To simplify this more, it seems that the ROTH IRA's tax liabilities involve 2 items, (1) maximum per year contributions, and (2) a five year holding period.
If an account could be established to verify the per year contributions and the five year holding period, then any gains from investments would be free of tax consequences, and I should think, paperwork.
Is the Gov't asking for more verification or supporting documents from my No fee IRA discount brokerage account? They don't get much for whatever they're required to provide, other than another drop in the pond of poolable suckers to buy and sell their crappy stocks to, oops, I've revealed too much, as usual
Happy trails to Roy Rogers and Sir Tas
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