Self Directed ROTH IRA Distribution
A retired client has had a self directed ROTH IRA for many years, she wants to make an in kind distribution. The assets she wants to withdrawal are gold coins and a piece of property with a home on it. My initial thoughts are probably not possible but then maybe there is a creative way? Anyone run across this issue? Any help is appreciated.
Permalink Submitted by Alan - IRA critic on Tue, 2021-09-14 17:36
If she is over 59.5, her Roth is qualified and fully tax free, but the custodian still must report the value of in kind distributions, so they may require an appraisal. The self directed custodian who works with these assets 24-7 would be best to direct these questions to, but there should be no problem with distributing in kind assets. Of course, any later increases of value for these assets will not be tax free if sold.
Permalink Submitted by JEFFREY RIBLET on Tue, 2021-09-14 18:41
Thank you for responding and for the information. She will be happy to hear it.