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Updated about 5 years ago on . Most recent reply
Can I invest my IRA and/or Roth IRA funds in real estate?
I currently have two rental properties and I’m looking to fund my third. I have 11,000 in a traditional Ira and 16,000 in a Roth Ira that I would like to use to help fund my next deal. Can I use this money without penalties? And if I can, can I use the profits from the deal Outside of my retirement accounts?
Most Popular Reply
Bernard Reisz
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@Nathan Shankles For Traditional IRA: Income tax at your marginal income tax rate, plus 10% additional tax. For Roth IRA, any "non-qualified" distributions subject to income tax, plus 10% additional tax.