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🍷 Can Your IRA Buy Wine, Art, or Other Collectibles?
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Q: Can my self-directed IRA invest in wine, art, or other collectibles?
A: No — collectibles such as wine, art, rugs, antiques, gems, stamps, and coins are disallowed investments for any IRA. As an example, the firm notes that a $100,000 collectible purchase would be treated as a taxable distribution in the year of purchase, reported on Form 1099-R, plus a 10% early-distribution penalty if the account owner is under age 59½.
mysolo401k.net
Self-directed IRA LLC disallowed investments
Only few investment types are prohibited/disallowed under the Self-Directed IRA LLC regulations specified in 408 and 4975.
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