Moving Real estate into a Roth IRA

[Mark C.]

Hello, Of late I have started looking at my tax situation in retirement. I have ideas in my head but I am not finding the correct answers doing google searches. My tax bracket with SS and rental income from LLC or IRA will put me in 24% tax bracket.

1) Can I move IRA rental properties directly into a Roth IRA, or do i first have to convert the IRA rentals into cash pay the capital gains move cash to the Roth?

2) Can I move my rentals from my LLC into a Roth IRA or do they also have to sold, pay the capital gains and then move the cash into the ROTH and repurchase rentals.

[Dmitriy Fomichenko]

Mark,

If you own a rental in your IRA it can be converted into Roth. You would have to appraise the property and pay taxes since conversion is a taxable event.

There is no way to put property that you personally own into your retirement account.