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Investors & landlords
Are you able to take money from your IRA retirement & investment it in real estate with out claiming it as income & having to pay taxes on it? Like one investment into another investment with no taxes (like buying & selling stock)
no. if you take money from an IRA to personally buy real estate or stocks its taxable unless part is return of nondeductible contributions made to a traditional IRA or is a "qualified" Roth IRA distributions. Special rules determine whether a Roth distribution is taxable or not
for more info on Roth IRAs see
see this about IRAs
https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-iras-distributions-withdrawals
May 6, 2024
1:04 AM