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Tax, SDIRAs & Cost Segregation

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George P.
  • Real Estate Investor
  • Baltimore, MD
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SDIRA - several weird questions

George P.
  • Real Estate Investor
  • Baltimore, MD
Posted Jul 6 2011, 08:30

I have a few specific questions about SD RothIRA, perhaps someone can chime in...

1. When I purchase the tax lien OTC, will the custodian (I am leaning towards Equity Trust) send the check to me or the Tax Department?
2. Does the custodian require the proof that a certain investment was purchased? In the same example, will I have to obtain the Lien Certificate and mail it to the custodian? (the county does not provide the certificate unless requested).
3. What address will I need to register as a tax lien purchaser - Custodian's? In this case, will the check for redeemed lien be mailed to them, correct?
4. When investing SD Roth IRA in Tax liens and occasional property is foreclosed on and re-sold for quick profit, will there be any implications with UBIT?

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