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Foreclosure Forum |
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Self Directed IRA and Flipping... Capital Gain???
Hello. I was told that Self Directed IRA real estate investing was "tax-deferred", but have recently been advised otherwise. From what I've been told, it seems that when flipping the funds are considered taxable. Does anyone have experience this area. If this is true in regard to taxable income on the flip, is it possible to utilize a 1031 Exchange? with Foreclosure Auctions and Cashier Checks??? If so, how. Thanks so much!
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