Answers to some of the most frequently asked investing questions (FAQs) about IRAs, self directed IRA, Roth IRA and related investments.
GENERAL
- What does Quest Trust Company, Inc. do?
- Who is H. Quincy Long and why do I care?
- What is the difference between a “self-directed IRA” and a regular IRA?
- Which types of IRAs does Quest Trust Company offer?
- How much can I contribute to my IRA?
- What kinds of investments can be made in an Quest Trust Company self-directed IRA?
- As a real estate professional, how can knowledge about self-directed IRAs put money in my pocket now?
- Is it really legal to buy real estate in your IRA?
GETTING STARTED
- How do I open a self-directed IRA?
- How long does it take to open an account?
- What are the different ways I can fund my Quest Trust Company Account?
- How are my funds protected?
- What Fees Will I incur with my Self-Directed IRA?
- Who can I name as a Beneficiary to my IRA?
- Will My Will or Trust Override Who I list As My Beneficiary?
- When Does My Spouse Need to Sign the Beneficiary Form?
REAL ESTATE
- How fast can Quest Trust Company purchase an investment?
- How can I take funds out of my IRA to buy Real Estate, without having to pay taxes and penalties?
- What are the differences between buying real estate personally and buying real estate with my IRA?
- Can my IRA purchase Real Estate I currently own?
- Are the gains or income taxable from IRA Real Estate investments?
- Can my IRA make loans to others who want to buy Real Estate?
- Can I partner with my IRA or with other peoples IRAs?
- I only have a small IRA. How can I buy real estate?
- Can an IRA buy debt-financed property?
- Can I use my IRA funds to buy a foreclosed property?
- If I am a Realtor, can I receive a commission for property bought or sold by my IRA?
- Can I cut the funding check directly to the seller and then get reimbursed?
- Can I receive a fee for managing property owned by my IRA?
- Can I live or work in a property my IRA owns?
- Can I collect the rents for my IRA rental property?
UBIT/UDFI
- Is it really legal to buy real estate in an IRA?
- Can my IRA buy real estate with a loan or take over a property subject to an existing loan?
- Where can I get a non-recourse loan for my IRA?
- Is there any tax effect of having an IRA own debt financed real estate?
- If the profits from an investment are taxable to an IRA, does that mean it is prohibited?
- But if an investment is taxable, why do it in the IRA?
- If the IRA pays a tax, and then it is distributed to me and taxed again, isn’t that double taxation?
- If the IRA makes an investment subject to tax, who pays the tax?
- What form does the IRA file if it owes taxes?
- What is the tax rate that IRA’s must pay?
- Is there any way to get around paying this tax?
- Where can I find out more information?
See below for more information:
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