Ira

[Inderpal Chadha]

Hi What I understood from reading the blog on self directed IRA is that: 1. Money deposited in self directed Ira can be used for buying investment property. 2. All expenses related to the property should be from the IRA account. 3. Money deposited in Ira is tax deductible and limit is $100K per year. Is that correct understanding? And does the income from the property like rent and capital gain also has to flow into the Ira account ? Thanks for your comments Inder