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Updated over 11 years ago on . Most recent reply

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6
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JT Marlin
  • San Jose, CA
0
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6
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Buying future retirement home in self directed IRA

JT Marlin
  • San Jose, CA
Posted

If I were to buy a future retirement home in a SD IRA, is there anyway for me to take ownership of the home without taking the entire distribution in the year I were to move into the home? For example, if after I turn 59.5, could I "purchase" the home from my SD IRA? Effectively returning the purchase price of the home back to SD IRA? What I'm trying to avoid is taking a several hundred thousand dollar IRA distribution in a single tax year, if that's possible.

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