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Financial Planning / Tax Strategies


Subject:  Re: Setting Up Self Directed IRA Date:  8/18/2013  11:57 PM
Author:  ptheland Number:  119029 of 127747

Because IRAs are not allowed to take out loans with recourse, it is unlikely that he will be able to use a loan to purchase property ...

And should you find a non-recourse loan, that would make your IRA an owner of debt-financed property, which subjects all of the profits from real estate to the Unrelated Business Income Tax. And those profits would likely include any gain on the sale of the property.

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