Can I hold real estate property in a retirement account?
100055
Yes you can. Check out Equity Trust Company on the web. The ability to shield capital gains from taxes by using your IRA is an incredibly powerful tool.\n\nwww.trustetc.com
521478
Unfortunately, you can only roll it over into another investment property (Like-kind exchange)  Applying it to your residence will not work.  You have sixty days (before or after the closing) to identify another property and 180 days to close on it.  If you held the property for investment (say yes) and held if for over 12 months, you will pay tax on it at the lower capital gains rates. If you held it for less than 12 months, it is considered ordinary income and is taxed at your regular rate.  If it is less than a year, see if the buyer will wait until the year is up.  Give them soem money back at closing to compensate them for waiting.  It could be worth your while.  To see what the tax might be, use your tax software to estimate what your tax would be.  Sorry to hear about the medical problem, I hope everything works out.  Also, ANY profit is a good profit!!!!!
183155
I am not sure exactly what your question is asking.  If you retire at 55, but need to access your IRA money right away, you should look into IRS rule 72t.  There are a few different methods of doing this and you need to sit down with a tax advisor to make sure that you do it right.  Click this link for an article that has more info\nhttp://ktla.trb.com/business/yourmoney/sns-yourmoney-0403moneytalk,0,7524444.story\n\nGood Luck!!!
224221
u must be a retired employee i think. \nbut i think they have mortage loans...
1004006
Not sure exactly what you are asking, but some banks will extend a sort of 'line of credit' for buying realestate. Thes notes are good for a limited amount of time before the real estate must be moved to permanent financing. Selling the property frees up dome of the 'line of credit'
1008273
You can do a like-kind exchange, where you trade the property for another, and defer your gain until you sell the new property. The rules are complicated--you should talk to a CPA.
474413
It stays there until you move it.  You can roll it over to another 401k or IRA or withdraw it with tax consequences.
1132215
You need to start by reading what the IRS says about an IRA, see below).  From personal experience, if you don't have an IRA account yet, I believe that it would be better to set up a ROTH IRA, but that is up to you and your needs.\n\nFrom the IRS site:\n\nAn individual retirement arrangement, or IRA, is a personal savings plan which allows you to set aside money for retirement, while offering you tax advantages. You may be able to deduct some or all of your contributions to your IRA. Amounts in your IRA, including earnings, generally are not taxed until distributed to you. IRA's cannot be owned jointly. However, any amounts remaining in your IRA upon your death can be paid to your beneficiary or beneficiaries.\n\nTo contribute to a traditional IRA, you must be under age 70 1/2 at the end of the tax year and you, or your spouse if you file a joint return, must have taxable compensation, such as wages, salaries, commissions, tips, bonuses, or net income from self–employment. In addition, taxable alimony and separate maintenance payments received by an individual are treated as compensation for IRA purposes.\n\nCompensation does not include earnings and profits from property, such as rental income, interest and dividend income or any amount received as pension or annuity income, or as deferred compensation.\n\nPlease refer to Publication 590 for information on the amounts you will be eligible to contribute to your IRA account.\n\nIf you, your spouse, or both of you are covered by a qualified retirement plan, your IRA deduction may be reduced or eliminated, depending on the amount of your Modified Adjusted Gross Income and your filing status.\n\nFigure your deduction using the worksheets in the Form 1040 Instructions or Form 1040A Instructions or in Publication 590. You cannot claim an IRA deduction on Form 1040EZ; you must use either Form 1040A (PDF) or Form 1040 (PDF). Form 8606 (PDF) should be attached to your return if any of your IRA contributions are not deductible. If both you and your spouse qualify, each of you may contribute to separate IRAs.\n\nThe deadline for making a contribution to a traditional IRA for the year is the due date of your return, not including any extensions of time to file.\n\nYou may choose to take the deduction on a return filed before the contribution is actually made, provided you make the contribution by the due date of that return, not including extensions.\n\nAmounts you withdraw from your IRA are fully or partially taxable in the year you withdraw them. If you made only deductible contributions, withdrawals are fully taxable. If you made any non–deductible contributions, withdrawals are partially taxable. Use Form 8606 to figure the taxable portion of withdrawals.\n\nAmounts you withdraw before you reach age 59 1/2 may be subject to a 10% additional tax. You also may owe an excise tax if you do not begin to withdraw minimum distribution amounts by April 1st of the year after you reach age 70 1/2. These additional taxes are figured and reported on Form 5329 (PDF). Refer to Form 5329 Instructions for exceptions to the additional taxes. For information on Roth IRA contributions or distributions, refer to Topic 309 and Topic 428. For information on conversions from a traditional IRA to a Roth IRA, refer to Publication 590.\n\nMore information on IRAs, including information on tax–free transfers and rollovers, is available in Publication 590, Individual Retirement Arrangements (IRAs).
1091039
No, IRA accounts must be cash accounts.\n\nIRC Section 408(e)(4) indicates that IRA assets pledged as collateral - which, by definition, is necessary for margin activities  (selling short or buying on margin) - are treated as a distribution to the IRA account holder.
1130232
if you are the spouse and named as the primary beneficiary (not the estate), you can do a 'spousal rollover' into your own IRA and take the $ out over time or at your convenience. \n\nIf you are over 59 1/2 yrs old, distributions will not be subject to penalty. IF you are under 59 1/2, you can can substantially equal distributions over your lifetime and not pay a penalty. \n\nGetting money out of the IRA will always have income tax associated with it (unless the contributions were non-deductible).\n\n--\nAny tax advice included in this written communication was not intended or written to be used, and it cannot be used by the taxpayer, for the purpose of avoiding any penalties that may be imposed by any governmental taxing authority or agency.
1145249
Do you have a contract???  If you don't, either get one or move.  \n\nShe currently owns the property and you have no rights.  You may loose money, but it's better to loose a year's worth than 5 or 10.
112421
Relax!  I'm 58 and I don't own any property (that is, real property) either.  I live in an area where the average home price has gone over half a million dollars, and I probably never will own any real estate.  So what?  In the end, you can't take it with you.
170964
20 years ago I had a Keogh that was drafted by my attorney that included provisions for borrowing a limited amount of money from the plan for a real estate investment. I don't know if the laws still allow for that. I do know that there are trustees that have flexible plans that let you do straight real estate investment.\n\ncheck this website.\nhttp://www.ekeogh.com/prohibited_transactions.html
909627
An Individual Retirement Account.  You are not taxed on the money till you take it out. It is to live on when you get older and retire. or disabled.
1154873
Do you live in a community property state? That makes a huge difference. I believe 401Ks are safe, but you ought to check in your state.
1177220
First off, your inquiry  is  multiple questions in one... However I would  try and answer as many as possible to the best of my abilities\n\n1.  Anything is possible but there is no guarantee you would earn 40 to 50% on your R/E investment. It would also depend which real estate market you're interest/investing in. For example in California where property values traditionally return higher dividends to investors than the rest of the country, in a relative hot market the norm is between 20 to 30%. Presently the real estate market nationwide is flat... In short--there is no guarantee....\n\n2. Cant answer this questions...it varies depending on services rendered\n\n3. No need to prove source of funds....\n\n4. I dont think so....\n\n5. Again, anything is possible. In fact there are companies that specialize in doing just that.  I personally dont like the idea for I like to have control over my investments..too many people, even with a legal contract, too many headaches. \n\n6.  Buying a piece of property, once you have identify  market and property to purchase, is a relative simple task...at lest for american citizens it is.  Now to roganize a group of investors I suppose it would be more expensive and time consuming. \n\n7. that's utterly up to the individual investor....\n\n8. It's possible but it depends on lots of factros; location, market, price, etc. It's possible but no guarantee...\n\n9. There are too many, complex  tax rules to give a simple answer... I would suspect that capital gains, specially if you are a foreign investor, could be in the 25%, give or take.\n\nI hope I were able to give you a ball park answer to all your questions. My honest advice to you: Consult with an international real estate attorney before investing. Best of luck.
1180526
No, you cannot withdrawl it without a 10% penalty plus ordinary income taxes (probably around 28%). My opinion....you would be beter off rolling that money over into an IRA and just save for a while to raise money for home improvement projects.