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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Self Directed IRA and Flipping... Capital Gain??? Posted by Richard on November 06, 2009 at 12:50 AM In Reply to: Re: Self Directed IRA and Flipping... Capital Gain??? posted by jmac on November 06, 2009 at 10:49 AM Unrelated Business Income Tax (UBIT or UBTI): UBTI is a special category of tax that applies to retirement accounts in certain situations. UBIT only applies in situations where the IRA is producing income through a type of business activity. Examples of investments that can trigger UBIT are franchises, consulting services, real estate development projects and the sale of properties held only for the intent of resale. Typically, properties held for the purposesof accruing equity, real estate producing rental income, interest from loans, securities, tax liens or other paper assets are exempt from UBIT. If you have any additional feedback regarding this, I would be very appreciative. Follow Ups: 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: : Unrelated Business Income Tax (UBIT or UBTI): UBTI is a special category of tax that applies to retirement accounts in certain situations. UBIT only applies in situations where the IRA is producing income through a type of business activity. Examples of investments that can trigger UBIT are franchises, consulting services, real estate development projects and the sale of properties held only for the intent of resale. Typically, properties held for the purposesof accruing equity, real estate producing rental income, interest from loans, securities, tax liens or other paper assets are exempt from UBIT. : If you have any additional feedback regarding this, I would be very appreciative. [ 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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