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 almost 2 years ago on . Most recent reply
Roth IRA transfer to SDIRA
Brand new to RE investing and motivated to get started. Does anyone know if there is a penalty for converting a Roth IRA to a SDIRA to purchase an investment property? Research tells me that there is not a penalty as long as it's strictly an investment property. Anyone that has expert knowledge or prior experience doing this is greatly appreciated.
Most Popular Reply
Dmitriy Fomichenko
#1 New Member Introductions Contributor
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
- 6,240
- Votes |
- 17,848
- Posts
Dmitriy Fomichenko
#1 New Member Introductions Contributor
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
@Michael Plaks, sorry to spoil your evening!
As a tax expert you know that that are numerous tax loopholes, but when it comes to retirement accounts - there aren't. And my advice to readers - when it comes to retirement accounts, follow the rules, don't look for loopholes.
- Dmitriy Fomichenko
- (949) 228-9393
Sense Financial Services LLC
166 Reviews
4.9 stars