Can I invest in Fundrise from my SDIRA?

[Cecilia Arnulphi]

Has anyone here invested with their SDIRA?  I know that I can do crowdfunding in the form of private loan but Findrise is different since I will be investing in a share of RE. What are the tax implications if I invest from my checkbook SDIRA? Thank you.

[Jim Peret]

This is something I considered and deciding against but it doesn't mean it was the correct decision. There are a few SD IRA experts on here and hopefully they reply to your post.

If Fundrise uses leverage then you have to pay UDIF taxes on the percent of profits your investment made from the borrowed money. It seems if the gains are less than 10k it's not bad. This is before you withdraw anything. So will those numbers be easy to get from Fundrise? The percentage changes every year as the debt decreases. My other my problem is very few CPA's understand SD IRA because they don't deal with them typically. The one really sharp one I found (and expensive unfortunately) is against owning real estate in an IRA because of extra taxes and not being able to use all right offs. He said I should do lending to flippers. Fundrise is not owning it directly but much of this is the same. I do own 2 rehab duplexes I paid cash for and I am looking for another with my SD IRA Checkbook.

What do you know about Fundrise?  There marketing seems good and they make it sound promising. I did get turned off by no contact phone number.  Just asking?

I'm opening myself up to being corrected here and probably will be but that's how you learn.