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Hello, thank you for the question! You would need to get an appraisal to establish the value, which is the value that would be reported as the distribution. The property would be distributed to you, requiring a deed transfer from the IRA, to your personally. This would require you to record the new deed with the respective county recorder. If the property is held in a pre-tax account (Traditional IRA) you will pay taxes on the amount you distribute (value of the property). If you are under 59 ½ years of age, you would have a 10% penalty and taxes. If a Roth IRA, the account has been seasoned for 5 years, and you are over the age of 59 ½, you should incur no taxes as the Roth IRA grows tax-free and qualified distributions are tax-free. Consider discussing with a tax advisor why you might distribute the property instead of keeping it in your IRA for tax advantages.

Thank you! The 1031 exchange is indeed a valuable tool for tax-efficient wealth growth. The 45-day identification and 180-day exchange deadlines can be challenging, requiring careful planning and quick decision-making. It's essential to be well-prepared and work with experienced professionals to navigate these timeframes smoothly.

@@equitytrustcompany Definitely. The 45-day and 180-day deadlines in a 1031 exchange require careful planning. Looking forward to more tips.

Thank you! We're thrilled you found the story inspiring. Turning a small Roth IRA investment into a $93,000 profit showcases the power of alternative investments. We're glad you enjoyed the video and found it insightful!

@@equitytrustcompany Thanks. The story really highlights the potential of alternative investments.

Absolutely! The traditional 60/40 portfolio is evolving, and self-directed IRAs provide an excellent way to diversify beyond stocks and bonds. The flexibility and growth potential in alternative investments make it a great option for modern investors looking to maximize their portfolios.

@@equitytrustcompany Thanks for agreeing. The flexibility and growth potential of self-directed IRAs truly offer a refreshing alternative to the traditional 60/40 portfolio. It's exciting to see more investors exploring these options to diversify and maximize their portfolios. Looking forward to learning more about alternative investments.

Thank you for the question. It is a grey area anytime someone uses their IRA funds and invests in an LLC or other partnership, corporation, or trust, whereby there are disqualified persons involved, including the account owner. If an IRA is investing in an LLC,Corp, etc., whereby the account owner, nor any other disqualified persons is involved, should not be an issue. The overarching concept is that the IRA cannot be used to benefit oneself in the here an now, nor any other disqualified persons. The IRA must be used to benefit the IRA solely. Then in the future the account owner, during retirement (59.5 years of age and beyond) can enjoy the distributions. These accounts have tax-advantages, and along with this are governing rules set forth by the provision of the tax code, namely IRC 4975. Always best to consult with a tax-professional as you engage in transactions.

Thank you! We appreciate the kind words!

Thank you Keith for the response and analysis. Absolutely, we always like to say, we are one member of your financial team and you should always analyze through your own lens, based on your investment strategies, which type of account is best for you, or a combination of both pre-tax and Roth accounts. Many arguments can be made for and against Roth savings, but the important point to make is that the withdrawals within retirement, assuming all rules are followed are 100% tax-free. The purpose of the content is to educate folks on Roth savings, much of which we find is not always available in other forums. Thank you for your comment and we look forward to continuing to help educate.

Hi, thanks for your question. We currently do offer XRP, as well as many other popular currencies, on our platform, visit trustetc.com for more information!

Actually the process is very easy. Have done it several times with ETC.

@@dang9803 Shill much? He's not talking about the process, but the results. Most tax lien "investors" lose money. It's a lousy way to riches. Might as well buy lottery tickets! LOL! Most are worthless and will never be worth anything, which is why the owner stopped paying the property taxes in the first place.

That's a great point! These types of deals can be complex, It takes careful planning and strategy. Thanks for sharing your experience!

Thanks for sharing this insight! Investments in a self-directed IRA, including note investments, can help reduce or eliminate taxes in investing as well.

Hello, thank you for the question, to better assist you it might be more beneficial if you give our team a call at 888-594-7844

No, a Family Trust can't own a Self-Directed IRA (SDIRA). SDIRAs must be owned by an individual. However, a Family Trust can be a beneficiary of an SDIRA. Always consult a financial advisor for specific advice.

No, unused funds in a Coverdell Education Savings Account (CESA) cannot be converted directly to an IRA. However, the funds can be transferred to another family member's CESA without penalties, provided the beneficiary is under 30.

Thanks for your feedback! If you have any specific concerns or need more information, we're here to help.

You're welcome, happy to help!

Thank you for your detailed questions and connecting with us. Equity Trust has assembled a proprietary Crypto investing system for IRA type accounts. With security being of the utmost importance, we would not feel comfortable answering specific questions in an open forum such as this, but certainly invite you to reach out to us directly through our website www.trustetc.com/blog/how-self-directed-cryptocurrency-works/.

Thanks for the question, this was a private deal, not a deal that was part of a syndication. The client found the property and self-directed on their own.

Investor A and Investor B are NOT considered disqualified persons to one another. They created a joint venture and agreed that the net proceeds would be split 50%/50%. In other words, it was a negotiated agreement.

Hello, thank you for the question. I believe you are referring to an FSA (Flex Savings Account), an HSA works differently. An HSA you can transfer to another custodian and continue to maintain year over year, growing tax-free.

That would be the FSA , dental, eye care etc.

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Get started here: eqtytrst.co/consultation or you can call 888-594-7844

Hello Greg, thank you for the question, the client has to sign documents on behalf of the IRA, the titling of the IRA should be below the line and the client can sign their personal name and their role would be “account owner”.

Hello, the best approach to understanding the steps to withdrawing funds from any IRA would be to contact your account administrator.

No, you can't live in a home owned by your IRA, even if it's an ex-spouse's residence. IRA rules prohibit any personal use of the property by the IRA owner or disqualified persons, which includes spouses, ex-spouses, and other immediate family members.

Hello, check out this link: www.usmoneyreserve.com/precious-metals-ira/ira-rmd-calculator/

Yes, if your IRA sells a property, it can be subject to depreciation recapture, similar to an individual. This means the portion of the gain attributed to depreciation deductions taken in prior years would be taxed at the recapture rate.