Beware of unexpected taxation with self-directed IRAs

10/7/2013 | Journal of Accountancy online

Self-directed IRAs with holdings in nontraditional investments, such as real estate, closely held business entities and private loans, have gained in popularity, but investors should be wary of the tax consequences. This article reviews the typical structure of and investment options for self-directed IRAs and makes suggestions on how to protect clients who invest in these products, such as getting up to speed on the legal and tax complexities and focusing on record keeping.

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