Can I Live in an Investment Property my IRA Owns?

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Can you use an IRA-owned property for personal use? John Bowens answers this common question, explaining the IRS’s stance on the use of assets you’ve purchased with retirement savings.
0:00 - Introduction to IRA Real Estate Investments
0:11 - Misuse of IRA Funds in Real Estate: Key Rules
0:18 - Understanding Prohibited Transactions in IRAs
0:25 - IRA Investment Restrictions: Disqualified Persons
0:38 - Navigating Family Member Restrictions in IRA Investments
0:54 - Prohibited Transactions with Disqualified Persons
1:10 - Renting to Family: IRA Property Rules
1:17 - The Purpose and Benefits of IRA Accounts
1:32 - Wealth Building with Tax-Qualified IRA Accounts
2:00 - Conclusion: Key Takeaways on IRA Property Investments
#investments #ira #realestate

Опубликовано:

10 июл 2024

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Комментарии : 7

@royberg478 4 месяца назад

Thanks for answering my question. I'm not interested in buying property with my IRA.

@LoafingMushroom 17 дней назад

Damn that's pretty conclusive.

@equitytrustcompany 16 дней назад

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

@rwj-kthxbye 5 месяцев назад

What if you own a vacation rental with your SDIRA and you’re over 59.5 years old, can you then use it for personal use?

@equitytrustcompany 5 месяцев назад

Good question! Unfortunately not though. If a property is in your IRA, the IRS still considers it an investment, even after 59.5 yrs old, and not available for personal use.

@rlvtrader 2 месяца назад

What if it's an ex-spouse (divorced)?

@equitytrustcompany 2 месяца назад

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.