Investment ?

[VA. Vince]

I have heard from a few people that have rolled there IRA's into real estate as an investment without being taxed. Have any of you heard of this? If it is legal than I am thinking of selling my house and buying something back closer to the city (where I was before) because my hours and drive are killing me. If there are any tax professionals here I would love some info.

 

[PiratePenguin]

I wouldn't do anything major without an appointment with a certified fee only financial planner.

 

[MWard]

I would speak to an accountant before you do so just to make sure there aren't any specific criteria you have to meet in order to do so.

But unofficially, yes there's a way you can do it. How though, not a clue. I've just heard people doing so.

 

[VA. Vince]

Thanks guys, I will get ahold of a tax guru.