Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
0
Votes |
2
Posts

is it okay to pocket excess contributions distributed from a sdira?

Account Closed
  • Real Estate Investor
Posted

What happens to any excess contributions to a Self-Directed IRA (SDIRA) once they're distributed (removed) from the IRA? If they go into my personal bank account, that seems to violate IRS "self-dealing" warnings. Anybody with experience in this area?

I want to use my IRA funds to buy well-performing cash-flowing rental properties. The rental returns will go back to the IRA to build up for the next purchase and so on. I envision a point in the future at which the combined rental returns from the properties will eventually exceed the yearly contribution limit for the IRA, hence my question.

Thanks

Loading replies...