OnLine Purchases with split IRA and outside IRA investment

[Jeffrey A DeAngelis]

Howdy, 

If anyone has invested with funds from a self vested IRA and funds from outside an IRA - for instance, 50/50, how do you manage online purchases and split between the two?

For example. A STR purchased property at $100k and you put $50k towards the purchase with a self funded IRA and $50k outside of the IRA means that incoming rent and outgoing property improvements/upkeep are split 50/50 to stay within IRS compliance. If you purchase a new bed, fence, grill, cabinets or cleaning supplies (or whatever) say on Amazon for the property, you can't split payments with two separate cards for the improvement. Most online sites don't allow multiple cards for transactions. Any workarounds?

Thanks.

[Brian Eastman]

@Jeffrey A DeAngelis

Partnering between your IRA and personal funds is one of those things that exists on the internet and is {technically} possible, but is taking on a lot of potential risk.

If you wish to pursue such a strategy, do not rely on online resources and get an experienced tax attorney on your team.

Basically, there is 1 way it can go right and there are multiple ways it can go wrong, with severe tax consequences if that happens.

You do not partner between your IRA and yourself when you buy shares of a stock. This should be no different.