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Tax, SDIRAs & Cost Segregation

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John Cava
  • Architect
  • Portland, OR
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10
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Advisor or CPA for guidance in SDIRA issues

John Cava
  • Architect
  • Portland, OR
Posted Jun 7 2024, 10:54

Hi - I have a single family house owned mostly by an Inherited SDIRA & a small percentage by myself as an in-kind distribution.  Overall behind in the process by about a year - just catching up now & could use some (paid) advice on how best to navigate the complications -Probably an hour or two's consulting, at the most. The attorneys who might be appropriate are in the $500-600/hour range which is a little steep for me at the moment (I'll be lucky to cover past debts), especially as they're not certain they'll be of use.  If anyone has a person or firm in mind that I could reach out to, I'd be grateful.  Does not have to be local, since these are mostly general issues, not State (I've used advisors in other states but for other issues).  Thanks, John

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Replied Jun 7 2024, 11:26

Hi John,

Since your investment is in a SDIRA, have you contacted an ERISA attorney or just an attorney? Erisa's specialize in SDIRA issues. Not sure what your complications are. 

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Michael Plaks
Pro Member
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
5,450
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4,812
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Michael Plaks
Pro Member
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Replied Jun 7 2024, 11:28

@John Cava

I see major issues. Some SDIRA experts to ask if they can help:  @Dmitriy Fomichenko, @Bernard Reisz, @Brian Eastman

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Dmitriy Fomichenko
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
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Dmitriy Fomichenko
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied Jun 7 2024, 11:33

@Michael Plaks, thanks for the mention!

@John Cava, feel free to contact me directly; I'll do my best to help and can offer a complimentary 15-minute consultation. 

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535
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Bernard Reisz
Pro Member
  • CPA delivering RE Tax Tools: 1031 Exchange, SDIRA, 401(k), Cost Seg
  • New York City, NY
535
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553
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Bernard Reisz
Pro Member
  • CPA delivering RE Tax Tools: 1031 Exchange, SDIRA, 401(k), Cost Seg
  • New York City, NY
Replied Jun 7 2024, 13:49

@Michael Plaks Honored by the mention. Thank you. 

@John Cava While the ideal time to get unbiased professional insight is before the transaction, getting such advice can still be very impactful at this point.

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John Cava
  • Architect
  • Portland, OR
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10
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John Cava
  • Architect
  • Portland, OR
Replied Jun 8 2024, 18:30

Thank you!  Will follow up for sure.