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Updated about 9 years ago on . Most recent reply

User Stats

74
Posts
22
Votes
Jason Jones
  • Allen, TX
22
Votes |
74
Posts

What Name To Put Utilities in for Self-Directed IRA Purchase

Jason Jones
  • Allen, TX
Posted

I am closing on a home through my Self-Directed IRA. I will need to transfer the utilities from the previous owner for about a month while I am having some rehab completed. What name do I put the utilities under, personal or IRA? I've been told that when using an SDIRA for a real estate investment all expenses must be paid out of the SDIRA account so I'm wondering if I need to place the utilities in my account name. If I placed them in my personal name, would this be a violation?

Most Popular Reply

User Stats

74
Posts
22
Votes
Jason Jones
  • Allen, TX
22
Votes |
74
Posts
Jason Jones
  • Allen, TX
Replied

Thank you @Lance Wakefield, @Brian Eastman, and @Loren Whitney! This is very helpful.

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