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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Self Directed IRA and Flipping... Capital Gain??? Posted by jmac on November 06, 2009 at 10:49 AM In Reply to: Self Directed IRA and Flipping... Capital Gain??? posted by Richard on November 04, 2009 at 10:47 AM : 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! IMO, if you follow the IRS rules of SDIRA, flipping Real Estate, or real estate contracts is a capital gain, and tax deferred. If you have a reliable source contradicting this, please post that source. I would be curious to hear the argument. Follow Ups: Re: Self Directed IRA and Flipping... Capital Gain??? Richard 12:50 AM, 11/06/09 (7) Re: Self Directed IRA and Flipping... Capital Gain??? Richard 1:14 PM, 11/06/09 (6) Re: Self Directed IRA and Flipping... Capital Gain??? jmac 1:32 PM, 11/07/09 (0) Re: Self Directed IRA and Flipping... Capital Gain??? Peter 7:07 PM, 11/06/09 (4) Re: Self Directed IRA and Flipping... Capital Gain??? Ed 2:58 PM, 11/08/09 (0) guess I need to learn more Peter 9:56 PM, 11/06/09 (2) Re: guess I need to learn more Dawn 1:53 PM, 11/07/09 (0) Self Directed IRA and UBIT, Roth Conversion, etc Dawn 9:59 AM, 11/07/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : 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! : IMO, if you follow the IRS rules of SDIRA, flipping Real Estate, or real estate contracts is a capital gain, and tax deferred. If you have a reliable source contradicting this, please post that source. I would be curious to hear the argument. : [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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