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Updated about 6 years ago,
HELP! My Self-Direct IRA money was stolen!!!
Here's the short version of the story. I partnered with someone to do a real estate deal. Despite having contracts and things in writing he stole my money.
I took him to court and won the case. The problem is getting him to pay up. In Maryland, the judgment lasts for 12 years and it's been 5.
I have to keep the IRA account open because I've been told if I close it I will have to take the entire amount as income then pay taxes on it.
What can I do to force him to pay, get him to take the amount as income or what other options do I have?
PLEASE, any help, advice, referral to an expert would be appreciated.