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Updated over 7 years ago,
SDIRAs - Is this Kiplinger's article statement right or wrong?
Tax people: Is this statement from a 2011 Kiplinger's article right or wrong? Here it is:
"But investing in real estate inside an IRA comes with strict rules. Complication number one: Owning property in an IRA negates all the familiar tax benefits of owning investment real estate, says (name withheld), a CPA and financial planner in Pittsburgh. You can't deduct property taxes or mortgage interest or take advantage of depreciation."
Is this guy right about being able to deduct property taxes, mortgage interest expense, or depreciation for a rental property held within a SDIRA? Thanks for any informed replies.