Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago on .
Most recent reply
presented by
SD IRA - when can I start drawing income?
I'm 56. If I purchase a property through a SD IRA, can I start drawing income from it at 59 1/2?
Most Popular Reply

Dmitriy Fomichenko
#1 New Member Introductions Contributor
Tax & Financial Services
Pro Member
- Solo 401k Expert
- Anaheim Hills, CA
- 6,270
- Votes |
- 17,873
- Posts
Pearce, the same tax and distribution rules apply to SD IRA as for conventional IRA. You are allowed to take distributions from your account at 59 1/2. You are required to take RMD at 70 1/2. You will be taxed on the amount of distribution you take out.
One caveat: you can't take rental income payments directly, the rent must be going into your IRA custodial account and then you take distribution from there.
- Dmitriy Fomichenko
- (949) 228-9393

Sense Financial Services LLC
166 Reviews
4.9 stars