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Updated over 3 years ago on . Most recent reply

Basilio Alcantara's profile image
Basilio Alcantara's profile image
Basilio Alcantara
  • Rental Property Investor
  • from Florida
  • Member since May 27, 2015
  • Posts 16
  • Votes 10
  • Experience 6 Yrs
  • Investments 7
Connect

User Stats

16
Posts
10
Votes
Basilio Alcantara's profile image
Basilio Alcantara's profile image
Basilio Alcantara
  • Rental Property Investor
  • from Florida
  • Member since May 27, 2015
  • Posts 16
  • Votes 10
  • Experience 6 Yrs
  • Investments 7
Connect
Basilio Alcantara
  • Rental Property Investor
  • Florida
10
Votes |
16
Posts
Buying & Selling Real Estate

Using an IRA withdrawal to buy investment property

Basilio Alcantara
  • Rental Property Investor
  • Florida
Posted

Hello Everybody,

Quick question, Can I buy an investment property by taking a temporary withdrawal from my IRA Account and avoid paying taxes/10% penalties by putting the money back in the account within 60 days from the time of the withdrawal?

Can this be done on an investment property without tax implications?

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