Tax question on a direct ira rollover

[Todd Knudson]

I did a direct rollover for a rental property.

question: Can I deduct repairs from the remodel as well as take advantage of the depreation schedule as i do on a triditional financing. 

[Matt Devincenzo]

To go a bit further into what Dmitriy mentioned, since your IRA earns the income the tax treatment is specific to your IRA. Assuming you purchased in your IRA for cash as most do, then there's nothing to deduct or depreciate because the income is non-taxable inside the IRA already. If you did finance some of the purchase using a non-recourse loan, then you need to read up on UBTI/UDFI and there are some taxation benefits that the IRA can achieve since it now owes taxes in that scenario.