Comment

Libertarian Kook Wayne Allyn Root Floats Another Wingnut Conspiracy Theory

221
sattv4u28/07/2012 1:37:25 pm PDT

re: #193 JeffM70

re: #211 makeitstop

I asked that one yesterday.

Short answer from many here: ‘STFU, that’s how.’

IRA’s aren’t static
Once money is inside an IRA, the IRA owner can direct the custodian to use the cash to purchase most types of securities, and some non security financial instruments. While certain types of investments are prohibited in an IRA, real estate is not one of them. As a result, real estate owned by an IRA can generate rental income and gain on a sale which escapes immediate taxation