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 over 7 years ago,
Family member/self directed IRA
Hello
My stepfather has interest in investing in an apartment building I'm purchasing via a second mortgage for a portion of the down payment for a fixed return. We determined that a self directed IRA was the best vehicle to accomplish this, but then I came across the 4975 rule that calls a lineal descendent a disqualified person. Is anyone aware of any way around this? Technically we are not blood related, but I would be a part of the estate one day since he is married to my mother which I think would classify me as a lineal descendent? My CPA is checking into this also but it's a bit uncommon of a situation.
Thanks!