I am interested in purchasing some land with IRA funds. According to the informatiion I have found, setting up the IRA account and transferring funds is fairly simple. I would like to know if anyone has experience with companies who provie this service, comparisons of fees, satisfaction with service, etc.I also have questions about how the IRA could be dispersed. For example, I am interested in a tract of about 45 acres. If the IRA bought it in one parcel, could it then be split into five to nine parcels? I think that could be done, but then could the land be dispersed over the years in parcels?Obviously, I am wondering if I may avoid paying taxes on all the land in one year. I would like to keep the land rather than sell it and get the money. Does anyone know how the IRS views this?
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