Description
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Using your IRA to buy real estate? Four mistakes can make the entire account taxable, and the IRS has no way to reverse them. Clint Coons walks through each one and the fix.
If you're considering buying rental properties with a self-directed IRA, transferring retirement funds, or setting up a checkbook control LLC, this video will help you understand the common mistakes investors make and the strategies to consider to protect your retirement savings from unnecessary taxes and penalties.
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Show Notes:
0:00 Intro
1:53 The IRS One-Rollover-Per-Year Rule
2:53 How to Transfer IRA Funds Without Penalties
4:26 Buying Real Estate With Your IRA: What NOT to Do
5:45 Why Signing Property Contracts Personally Is a Mistake
7:02 How to Structure a Self-Directed IRA With an LLC
9:31 IRA Loans, Property Expenses, and Tax Risks
11:54 Hidden IRA Mistakes That Could Cost You Everything
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CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545
ABOUT CLINT COONS
Clint Coons, Esq. has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as financial, investment, or legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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