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farmland purchase through IRA
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Posted 12/20/2013 15:28 (#3533969 - in reply to #3533952)
Subject: RE: farmland purchase through IRA



central - east central Minnesota -

Bim Bam - 12/20/2013 15:20 Can you rent it to a c-corp, of which you are the primary shareholder?

 

I don't think so . . . the rules are very restrictive . .  . ..

The deal would be a Self Directed IRA and the intermediary would collect fees from you to satisfy all the IRS requirements. I'm not sure if a individual can satisfy the IRS paperwork . . . that's the reason for the intermediary ?

http://en.wikipedia.org/wiki/Self-directed_IRA

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