topic Self directed IRA - to buy land in Investors & landlords

Self directed IRA - to buy land

militaryfamily400 — Mon, 23 Feb 2026 12:55:40 GMT

So I have a self directed IRA - that I bought land with the money from a traditional IRA I had from my employer.

The land in New Mexico and I no longer live there. My residence is in Oregon. We are a military family.

I recently took the land out of the self directed IRA and got the title to the land - I still have the land in my name. No cash just land.

I got a 1099-R because I took it out of the self directed IRA.
I know I have penalties for taking out early since I am not 59.5 years old

I know I have federal taxes to pay but when it comes to paying /to reporting it - which state do I pay taxes to?

Oregon or New Mexico? I did not sell the land - it is still in my name.

Thank you in advance

My question is

Re: Self directed IRA - to buy land

DaveF1006 — Thu, 09 Feb 2023 20:38:39 GMT

It depends. To clarify, is NM your Home of Record State?

Re: Self directed IRA - to buy land

militaryfamily400 — Thu, 09 Feb 2023 22:08:14 GMT

My home of record is in Oregon.

The Land that was purchased with thru the Self directed IRA was in New Mexico. The land has not been sold - I still have it. The title/deed is in my name still. It did get taken out of the IRA account so it is no longer considered a traditional IRA.

I have been in CA for about 4 years now but will be moving on to the next assignment soon.

Re: Self directed IRA - to buy land

MaryK4 — Fri, 10 Feb 2023 04:18:02 GMT

Because the retirement rules apply, you would only have to pay the income tax to your resident state Oregon. @militaryfamily400