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Updated about 5 years ago,

Toshiki Hoshino's profile image
Toshiki Hoshino's profile image
Toshiki Hoshino
  • Real Estate Broker
  • from Albuquerque, NM
  • Member since Feb 10, 2018
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User Stats

37
Posts
2
Votes
Toshiki Hoshino's profile image
Toshiki Hoshino's profile image
Toshiki Hoshino
  • Real Estate Broker
  • from Albuquerque, NM
  • Member since Feb 10, 2018
Connect
Toshiki Hoshino
  • Real Estate Broker
  • Albuquerque, NM
2
Votes |
37
Posts
Tax, SDIRAs & Cost Segregation

Cash out refinance using Checkbook LLC

Toshiki Hoshino
  • Real Estate Broker
  • Albuquerque, NM
Posted

Hi BP,

I bought a commercial property with two other partners using my Checkbook LLC (Roth IRA). I contributed $100k and if I decide to do cash out refinance it'll be recourse loan, do I pay 10% penalty on 100k? Am I understanding this correctly? Thank you for your feedback!


Tosh

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