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Self Directed IRA Legal Question
Hey BP, got a question.
Is there a way for my Roth IRA to purchase a property and then turn around and rent it out to myself? I know I can distribute for the down payment of a first time home purchase, but I would rather keep the tax benefits inside of the Roth if possible. Thanks!
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Dmitriy Fomichenko
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Tax & Financial Services
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
Absolutely not! You are considered to be a "disqualified person" to your IRA and IRS rules prohibit you to receive any benefits from your IRA.