Tax Aspects of Purchasing and Selling Independent Sales Representative Organizations

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Real Estate Investments in IRAs

Real Estate Investments in IRAs

Question:        I have a significant balance in my individual retirement account. Can I use my IRA to purchase real estate?

Answer:          You can purchase real estate from your IRA. Various requirements must be satisfied to comply with IRA real estate purchases, however, and the failure to adhere to the requirements can be costly from a tax perspective.

Deferring Tax on Vacation Home Sales

Deferring Tax on Vacation Home Sales

Question:  I am contemplating selling my vacation home which my family uses for personal purposes and also rents to third parties. If I purchase a new vacation home, can I defer the recognition of gain on the sale through a tax-deferred exchange?