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The
Entrust Group is the premier provider of account
administration for self-directed retirement plans with nearly $3
billion in investor assets. For
over a quarter of a century, Entrust has been administering
self-directed IRAs. A
nationwide network of offices places expertise locally.
Personalized service is the hallmark of Entrust, answering
questions and processing transactions quickly and thoroughly.
As an extension
of 1031 tax deferred exchanges, Atlas 1031 provides Entrust
self-directed IRAs along with the expertise and education to
achieve retirement goals.
The tax
advantages are contributions may be tax deductible.
Transactions made by the IRA are not taxable.
If the IRA is holding real estate, when sold, there is no
capital gains tax.
Interest earned on promissory notes is tax free.
Self-directed
plans prohibit self dealing and usage.
As the benefactor of the IRA, you cannot use or derive
benefit from the property. You
cannot self manage the property and pay yourself a property
management fee as an expense.
In addition, disqualified persons are also prevented from
using the property. Disqualified persons include your spouse, son, daughter,
mother, father, grandparents, grandchildren and those of your
spouse including your mother in law, father in law, son in law and
daughter in law. A
gray area where the IRS has not clearly excluded is your brother
or sister.
Steps to buy real
estate in a tax advantaged retirement plan:
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