roth ira
1. how can my existing roth buy a patent ?
2. how can my existing Roth buy stock in a small corp. not traded on stock exchanges?
3. how can my existing Roth IRA handle assets received thru dissolution of corp.?
4. how can somene other than registered broker become trustee or manage assets in Roth IRA
Roth irs handle assets received from dissolution if such assets are
Permalink Submitted by Alan - IRA critic on Mon, 2015-04-13 22:28
You should google “self directed IRA” and contact the custodians that show up because typical IRA custodians only handle typical investments in their IRAs. Real estate is the most typical asset found in self directed IRA accounts, and it may take some work to find a custodian who will allow you to purchase a patent, because that is very rare. If you want to invest in alternate investments, you should keep your current IRA accounts separate from those other assets, to safeguard against having a prohibited transaction cause your entire IRA to be distributed and taxable. Prohibited transactions are exposures that occur more frequently when alternate investments are held. You also need to have enough liquidity to meet RMDs for traditional IRA accounts, and your custodian is responsible for determining the fair market value of all your IRA holdings at the end of every year. In some cases, your IRA might have to pay for an appraisal if the value cannot otherwise be determined with any accuracy.
Permalink Submitted by kenneth es moskowitz on Wed, 2015-04-15 19:56
aS OWNR i AM 87 YEARSOF AGE.i DO NOT THINK THAT ANYTHING THT COLD BE DEEMED A DISTRIBUTION WILL HAVE A TAX EFFECT. am I right ?
Permalink Submitted by Alan - IRA critic on Wed, 2015-04-15 20:41
You are basically correct, but there are exceptions. You would owe tax if you had a Roth distribution of earnings and you have not had your Roth IRA at least 5 years. There would also be a tax if you made an excess contribution to the Roth IRA, and the amount you had to remove included earnings on the excess contribution.