Self Directed IRA
A client switched into a self directed IRA and purchase real estate with the funds in self-directed IRA. Sold the real estate and now would like to put the proceeds back into his regular IRA. Is that possible?
A client switched into a self directed IRA and purchase real estate with the funds in self-directed IRA. Sold the real estate and now would like to put the proceeds back into his regular IRA. Is that possible?
Permalink Submitted by Alan - IRA critic on Fri, 2023-09-01 14:11
That should not be a problem unless 60 day rollovers are used, for which there is only one allowed rollover in a 12 month period. Funds are best moved by direct trustee transfer. Perhaps client should not rush into doing this since any delayed costs connected to the sold property must be paid from the SD IRA.