Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank
by nrmitchi on Friday June 25, 2021 @09:12AM
(#27630330)
You can purchase property with a Roth.
It cannot be your primary residence.
You have to be entirely hands-off with it. You are not allowed to manage the property, do repairs, etc.
You are still not allowed to decree that the value of a house that you own is $10 and sell it in to your Roth in order to shelter it from taxes and get around contribution limits.
It cannot be your primary residence.
You have to be entirely hands-off with it. You are not allowed to manage the property, do repairs, etc.
You are still not allowed to decree that the value of a house that you own is $10 and sell it in to your Roth in order to shelter it from taxes and get around contribution limits.