Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Converting Traditional IRA to ROTH IRA then to SDIRA
Hello Everyone,
I'm planning to buy a rental property using a SDIRA. My questions: Is it better or a smart move to convert my Traditional IRA account to a Roth IRA before I convert it to a SDIRA? What are the pros and cons? I'm aware that I have to pay taxes on that year that I'm doing the conversion, and it will put me in a higher income tax bracket. I'm just wondering if it's worth doing the conversion. Thanks a lot for your help!