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Updated over 4 years ago on . Most recent reply

User Stats

3
Posts
38
Votes
Anthony Posey
  • Rental Property Investor
  • Sacramento, CA
38
Votes |
3
Posts

First Time Post. ROTH IRA, Syndicates, taxes, etc

Anthony Posey
  • Rental Property Investor
  • Sacramento, CA
Posted

Greetings Everyone,

Please forgive me if I do not use the accurate terminology as I am very new to investing in real-estate. These questions are likely directed at Tax attorneys or individuals that are savvy with investment strategies involving Roth IRA's. The Following is my scenario and my questions:

Scenario: I have saved for over 10 years and lets just say I have around 80k in my Roth IRA. I have always believed this to be money that is stuck there until I am 60 years old, or I would be subjugated to penalty. I read a post earlier that discussed Real Estate Syndicates.

Questions

1. Can I use my Contributions (initial money earned, not money gained) in my Roth IRA to invest into a passive income without penalty?

1a. If money is earned from the withdrawn contributions, does the earned money have to roll back into my Roth IRA?

1b. Can I place my contributions withdrawn back into my Roth IRA (basically use my Roth IRA as my Bank for real estate investments)?

2. What is the Taxes placed on earnings from real-estate Syndicates?

2a. Can I use my Roth IRA contributions to invest into Syndicates?

I appreciate any information that I can receive, as the answers to these questions will likely dictate weather I invest into property rentals vs Real-Estate Syndicates in order to diversify my Roth IRA away from stocks/mutual funds. Thank you


VR,

Anthony  

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