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Updated about 11 years ago,
Allowable Expenses in SDIRA?
Hi,
I was wondering if anyone, @Steve Hamilton , has a definitive answer on what is allowable for expenses within a SDIRA, as far as 'misc personal expenses' goes.
It is my understanding that even though you can not contribute 'sweat equity' into a SDIRA property, you CAN do the book keeping and tenant screening etc..... So could things like the PRO Membership here to help locate properties, evaluate properties, etc.... or other software for book keeping etc... be funded through my SDIRA?
I know some of you will say I should keep those funds to 'invest more' from my SDIRA, but I am of the personal opinion that I like keep things 'separated' from retirement and personal funds, and also I have much more 'liquid cash' in my IRA than in my personal non-IRA accounts.
Thoughts?
Thanks, Dan Dietz