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Updated over 4 years ago,
Self directed IRA taxation for early withdrawal
Considering taking on early dispersement taxation on self directed IRA to fund trading account. This would be to generate monthly retirement property payments through covered calls monthly.
What can I expect in taxes if I move IRA money to personal trading account.
Combined 100k+ gross income
Married joint with 2 depends in California.
if done right I could end up with free retirement property which would be great to have that kind of positive potential in the real estate market.
Thank you for any IRA tax information
Jake