The Basic FAQs

Answers to some of the most frequently asked investing questions (FAQs) about IRAs, self directed IRA, Roth IRA and related investments.

GENERAL

GETTING STARTED

REAL ESTATE

UBIT/UDFI

See below for more information:

  • Why Your IRA May Owe Taxes: To Pay or Not to Pay? – That is the Question

    By: H. Quincy Long A. Introduction Many people are surprised to learn that, as discussed below, there are 2 ways in which an IRA or 401(k) investment in an entity may cause the retirement plan to owe tax on its income or profits from that investment. This does not necessarily mean that ...

  • Six Widely Held Untruths About Self Directed IRAs

    By H. Quincy Long for Self-Directed Source Blog There is a lot of confusion over self-directed IRAs and what is and is not possible. In this article we will discuss six of the biggest self-directed IRA myths. 1)      Purchasing anything other than CDs, stocks, mutual funds or annuities is illegal in an ...

  • The Dangers of Checkbook Control IRAs

    A very popular idea in the self-directed IRA industry is to have what some have termed a “checkbook control” IRA. These have been under attack by the IRS. Click the link below to listen to Quest Trust Company President H. Quincy Long talk about the dangers of Checkbook Control IRA ...

  • Checkbook IRA LLC Pros and Cons with Quincy Long Hosted by Cash Flow Depot (Teleconference)

    A very popular idea in the self-directed IRA industry is to have what some have termed a “checkbook control” IRA. These have been under attack by the IRS. Click the link below to listen to Quest Trust Company President H. Quincy Long talk about the dangers of Checkbook Control IRA ...

  • FAQ Real Estate in your IRA

    How fast can Quest Trust Company purchase an investment?   We pride ourselves in our fast processing time of 24-48 hours.  Please note that our processing begins when we have received the completed Direction of Investment form as well as any supporting documentation (example: properly vested sales contract).   How can I take funds ...

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