Posted by morton13 on 12th of Jun 2012 at 08:22 am
it is ok. however, the debt will cause the IRA to have unrelated
business income which will cause the IRA income (all of it) to be
taxed. also must not have any personal use as this would
taint the property. hope this helps.
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I believe if you own with no debt
Any real estate gurus/CFPs with advice?
Posted by morton13 on 12th of Jun 2012 at 08:22 am
it is ok. however, the debt will cause the IRA to have unrelated business income which will cause the IRA income (all of it) to be taxed. also must not have any personal use as this would taint the property. hope this helps.