Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
I looked briefly at putting real estate into an IRA. I did not do it,
mainly because everyone I talked to like accountants, USDA/FSA (in my case they were involved) and others turned white when I mentioned it. I don't think it was so much the economics as "...it's just not done."
Everyones first response is that it wasn't legal until they did a little research. Then they still didn't like it I believe mainly because it is unusual and does have a lot of complicating factors.

Actually a local bank officer did put realestate into his personal IRA. Not entirely familiar with his situation except that he did it.












Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.