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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationCheckbook IRA/ Checkbook 401K: Its is Legal or Illegal
Stephen E.'s profile image
Stephen E.'s profile image
Stephen E.
  • Rental Property Investor
  • from Havelock, NC
  • Member since Mar 1, 2017
  • Posts 74
  • Votes 19
  • Experience 6 Yrs
  • Investments 1
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74
Posts
19
Votes
Stephen E.'s profile image
Stephen E.'s profile image
Stephen E.
  • Rental Property Investor
  • from Havelock, NC
  • Member since Mar 1, 2017
  • Posts 74
  • Votes 19
  • Experience 6 Yrs
  • Investments 1
Connect
Stephen E.
  • Rental Property Investor
  • Havelock, NC
19
Votes |
74
Posts
Tax, SDIRAs & Cost Segregation

Checkbook IRA/ Checkbook 401K: Its is Legal or Illegal

Stephen E.
  • Rental Property Investor
  • Havelock, NC
Posted Sep 20 2018, 12:40

I have known about self direct IRA but not Self Directed 401K and 'Checkbook' IRAs. I wanted to take control of my personal debt and let my IRA benefit from the loan but still maintain tax preference.

  • What circustances and conditions would i have to follow for this to be legal?
  • What kind of reporting is needed for this to maintain a legal status? 
  • If this completely illlegal, what areas would this follow under?

Thanks

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