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Investing/Strategies / Retirement Investing
|Subject: Re: Beginning Retirement Investing||Date: 2/26/2013 8:53 PM|
|Author: JAFO31||Number: 71452 of 78166|
2Bprepared: "Where could I go about finding out how to put real-estate into a ROTH?"
Contributions can only be in the form of cash, so you cannot put real estate directly into your IRA. Funds from a self-directed IRA can be used to purchase real estate, but there are a host of limitations and potential for significant tax expenses and penalties.
Google will be your friend, but from my notes (and I am not vouching for any of hte foregoing):
One formidable roadblock that adventuresome investors can smack into is something called a prohibited transaction, which the IRS considers to be any improper use of an IRA by the owner or other so-called disqualified persons, which include spouses, parents and children.
While you can make yearly contributions to an IRA, you can't contribute sweat equity to the property.