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Updated over 3 years ago on . Most recent reply presented by

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432
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Shari Posey
  • Residential Real Estate Agent
  • Long Beach, CA
63
Votes |
432
Posts

Selling a prop held in my IRA in CA. Need a CPA who can answer

Shari Posey
  • Residential Real Estate Agent
  • Long Beach, CA
Posted

I have a property in California held in my self-directed IRA. I'm in the process of selling and all proceeds will go back into my IRA account. Through escrow I have to complete tax form CA 593 for tax withholding. I've filled this form out a dozen times as a normal sale but the form doesn't have any options for self-directed IRA sales so I need to find a CPA who is familiar with this. I don't want this to get screwed up because I've owned the property quite a long time and I'm selling with a much higher value. Any anyone recommend a CPA familiar with this type of sale?

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