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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Self Directed IRA and Flipping... Capital Gain??? Posted by Peter on November 06, 2009 at 7:07 PM In Reply to: Re: Self Directed IRA and Flipping... Capital Gain??? posted by Richard on November 06, 2009 at 1:14 PM UBTI - a timely discussion. What about the following plan: - buy property for 100k with self-directed IRA - convert IRA to ROTH-IRA (January 2010 the AGI restrictions are dropped) - for the purpose of the conversion, the property is valued 100k - have 3 years time to pay income tax on the conversion - sell property for 200k and pay no taxes on the gain - at age 60, withdraw tax free It is my understanding that ROTH-IRAs are exempt from UBTI. Correct? And what about my plan above? Thanks, Peter Follow Ups: 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: : UBTI - a timely discussion. What about the following plan: : - buy property for 100k with self-directed IRA : - convert IRA to ROTH-IRA (January 2010 the AGI restrictions are dropped) : - for the purpose of the conversion, the property is valued 100k : - have 3 years time to pay income tax on the conversion : - sell property for 200k and pay no taxes on the gain : - at age 60, withdraw tax free : It is my understanding that ROTH-IRAs are exempt from UBTI. Correct? : And what about my plan above? : Thanks, Peter [ 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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