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  • Real Estate purchase

    17 Replies
  • Top SubjectReal Estate Investments
    Top ForumsReal Estate Investments

    Christine Dull
    Top SubjectReal Estate Investments

    January 25, 2022 at 10:16 am

    From what we have read, we’ve understood that you can you assume ownership as a IRA distribution? Is that possible?

    Christine Dull
    • George Blower

      Top SubjectSolo 401k,Solo 401k Contributions
      Top ForumsSolo 401k, Solo 401k Contributions

      George Blower

      George Blower

      Top SubjectSolo 401k,Solo 401k Contributions

      January 25, 2022 at 1:44 pm

      It is acceptable to take an in-kind distribution of real estate from your IRA provided that the real estate is owned free and clear by your IRA (i.e. no debt). Please note that the real estate would have to transfer from the LLC to the IRA and then you would need to work with the IRA custodian to take the distribution (which would be subject to taxes and possibly penalties based on the fair market value of the real estate at the time of the distribution).

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