IRA Financial’s Adam Bergman discusses everything thing you need to know if you want to buy, sell, and invest in real estate with a Self-Directed IRA.
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About IRA Financial:

IRA Financial was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.

IRA Financial is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial, its management, salespersons or IRA Financial’s in-house legal counsel. IRA Financial Group provides IRA retirement facilitation service and CANNOT provide Client with legal, investment, or financial advice. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.

IRA Financial is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a Committee of the American Bar Association & a Committee of Publishers and Associations.). The scope of Professional Services does not include the costs of any custodian related services.

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Selling Real Estate with a Self-Directed IRA

When it comes to planning for retirement, many people think of traditional investment options such as stocks, bonds, and mutual funds. However, there is another avenue that allows individuals to grow their retirement savings in a tax-advantaged way: self-directed IRAs. These unique retirement accounts provide investors with the opportunity to diversify their portfolios by including alternative assets like real estate.

A self-directed IRA is a retirement account that allows you to invest in a wide range of assets beyond the traditional options offered by most financial institutions. Real estate is one of the most popular alternative investments within self-directed IRAs, as it provides potential for long-term appreciation, generates rental income, and offers a hedge against inflation.

If you already own real estate within your self-directed IRA and are considering selling it, there are a few important factors you should be aware of. Firstly, the proceeds from the sale must be deposited back into your IRA account and not into your personal bank account. Failure to do so may lead to the disqualification of your IRA, resulting in hefty penalties and taxes. Additionally, any expenses related to the sale, such as closing costs or realtor fees, should be paid for by the IRA funds, not your personal funds.

Another crucial aspect to consider is finding a custodian that allows for self-directed IRA investments in real estate. Not all custodians offer this option, so it is vital to do your research and find a reputable company that specializes in self-directed IRAs. The custodian will play an essential role in facilitating the transaction and ensuring that all IRS regulations are adhered to.

When selling real estate within a self-directed IRA, it is also crucial to consult with a tax advisor or financial professional who specializes in self-directed retirement accounts. They can guide you through the process, address any tax implications, and help you optimize your investment strategy.

One of the significant advantages of selling real estate within a self-directed IRA is the potential for tax savings. If your IRA is a traditional IRA, the gains from the sale of the property will be tax-deferred. This means that you will not owe any taxes on the proceeds until you start taking distributions from your IRA in retirement. On the other hand, if your IRA is a Roth IRA, the gains will be completely tax-free.

Selling real estate within a self-directed IRA also allows you to reinvest the funds into other assets within the IRA, potentially diversifying your portfolio further. You could choose to invest in other real estate properties, private companies, precious metals, or even start a small business within your self-directed IRA.

In conclusion, selling real estate within a self-directed IRA can help you grow your retirement savings tax-efficiently and diversify your investment portfolio. However, it is crucial to follow the rules and regulations set by the IRS, work with a reputable custodian, and consult with a tax advisor or financial professional to ensure you make informed decisions. With careful planning and strategic investment choices, a self-directed IRA can provide you the opportunity to secure your financial future through real estate investments.