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Updated 5 months ago,
Self Directed IRA - doing work on property yourself?
Hello,
More SDIRA questions - I am putting them under separate heading to hopefully make them more useful to others too.
I understand that I can not 'do the work on the property to make a profit'. As might be the case in a Flip that needs work or similar.
I am assuming that it would be OK for me to do normal maintenance on a rental that I would be holding long term - such as mowing, small fix-it projects, etc.. I would NOT be taking ANY pay for these, just doing them. I am assuming since I would not be doing the prohibited 'benefiting from' (as in making income off of) that this would be OK. Is that correct?
Thanks, Dan