In this video, John Bowens answers the frequently asked question "Do you pay taxes or penalties when investing in alternatives with a self-directed account? Start a conversation with an IRA Counselor to discover which account may be best for you: https://www.trustetc.com/lp/consultation/?utm_source=youtube&utm_medium=social&utm_campaign=considertion_education&utm_term=taxes You absolutely do not pay taxes or penalties for investing in alternatives with a self-directed account as long as you follow all the rules and procedures. To invest with self-directed IRA, you first need to open and fund your account. Rolling over or transferring funds into your IRA does not trigger any adverse taxes or penalties. If you do not follow correct procedures, that could generate taxes or penalties. To avoid taxes and penalties, ensure that all expenses for your investment (i.e. real estate) come out of your IRA and all profits from your investment flow back into your IRA. Equity Trust Company is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust Company is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional.
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