File:Figure 1 Examples of How an Individual Retirement Account (IRA) Owner Investing in Rental Real Estate May Unknowingly Engage in a Prohibited Transaction (31672553553).jpg
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DescriptionFigure 1 Examples of How an Individual Retirement Account (IRA) Owner Investing in Rental Real Estate May Unknowingly Engage in a Prohibited Transaction (31672553553).jpg |
This image is excerpted from a U.S. GAO report: <a href="http://www.gao.gov/products/GAO-17-102" rel="nofollow">www.gao.gov/products/GAO-17-102</a> RETIREMENT SECURITY: Improved Guidance Could Help Account Owners Understand the Risks of Investing in Unconventional Assets a) Retirement account owners or other disqualified persons are not permitted to benefit from an IRA other than as a vehicle to save for retirement. Disqualified persons include, for example, a person providing services to the plan and certain family members of otherwise disqualified persons (spouse, ancestor, lineal descendant, and any spouse of a lineal descendant). b) IRA owner may decide to reinvest assets in another taxable arrangement after paying any applicable income taxes associated with an early distribution and additional excise taxes. |
Date | |
Source | Figure 1: Examples of How an Individual Retirement Account (IRA) Owner Investing in Rental Real Estate May Unknowingly Engage in a Prohibited Transaction |
Author | U.S. Government Accountability Office from Washington, DC, United States |
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Public domainPublic domainfalsefalse |
This image is a work of an employee of the Government Accountability Office or a predecessor organization, taken or made as part of that person's official duties. As a work of the U.S. federal government, the image is in the public domain in the United States. |
This image was originally posted to Flickr by U.S. GAO at https://flickr.com/photos/58220939@N03/31672553553 (archive). It was reviewed on 2 September 2018 by FlickreviewR 2 and was confirmed to be licensed under the terms of the United States Government Work. |
2 September 2018
Public domainPublic domainfalsefalse |
This image is a work of an employee of the Government Accountability Office or a predecessor organization, taken or made as part of that person's official duties. As a work of the U.S. federal government, the image is in the public domain in the United States. |
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current | 13:34, 2 September 2018 | 1,500 × 1,179 (101 KB) | Tyler ser Noche (talk | contribs) | Transferred from Flickr via #flickr2commons |
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