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Subject:  Re: Real Estate in IRA/Roth IRA Date:  11/11/2002  11:27 AM
Author:  pauleckler Number:  35204 of 88818

Thanks for your comments, jrr.

"The tax code is very clear that no part of the IRA assets may be pledged as security for a loan."

There seems to be of difference of opinion here in that the BW article clearly discusses making mortgage payments for the property. I suspect it can be argued that the net equity in the property is the asset in the IRA, not the mortgaged portion.

But your comment does point out the importance of assembling a knowledgeable team of experts before you proceed. This seems to be a gray area where the rules are subject to interpretation.

For a small account, its not worth the hassles. For a large account, prepared to pay for the help of those experts, it might be.
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