-
🛠️ Can I Fix Up a Rental Property Owned by My Self-Directed IRA Myself?
-
0 Replies
-
Question: My Self-Directed IRA owns a rental property, and I’m handy — can I personally do repairs like fixing a leaky toilet to save money?
Answer: This is considered “sweat equity” and is a prohibited transaction, even though the intent is to save the IRA money. Any repairs or services must be performed and paid for by an unrelated third-party contractor, using funds from the Self-Directed IRA itself — never personal funds and never personal labor. All expenses connected to an IRA-owned investment, including property taxes and utility bills, must be paid directly out of the IRA.
Log in to reply.