Updated almost 2 years ago on . Most recent reply
REPS / Tax Shelter + SDIRA
Hi everyone!
I am new to REI for all intents and purposes (just stepped out of a long career in aerospace, we have one SF property right now). Looking for a couple of areas of guidance in the near future:
1. Shelter some deferred income payouts by potentially working to gain REPS status (Invest-Rehab-Flip? Multi-family invest-Rehab-Rent?), and claiming bonus depreciation against active income.
2. Establish a separate SDIRA to potentially invest in a syndication opportunity we are reviewing, and learn more about due diligence
3. Would love to hear about Portland / West Linn / Vancouver -area meetups / forums to connect, learn, and assemble a team I can trust!!
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#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
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#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
As you learned from other comments - investing in syndication with your IRA will result in UBIT tax (almost all of them use leverage). One possible option to avoid paying this tax is to invest using a self-directed Solo 401k plan. However, this is not for everyone; you must have legitimate self-employment activity (or active business) to qualify.