I have a single family home that was purchased by my self directed IRA several years ago. I want to move this property out of the IRA into joint ownership with my wife. Self directed IRA rules say I cannot move the home directly into our names. I would appreciate any suggestions or referral to a tax professional that could make this transition easier and with minimum cost. I reside in Virginia. Thank you for your Help!
Selling Assets from a self directed IRA
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I have a single family home that was purchased by my self directed IRA several years ago. I want to move this property out of the IRA into joint ownership with my wife. Self directed IRA rules say I cannot move the home directly into our names. I would appreciate any suggestions or referral to a tax professional that could make this transition easier and with minimum cost. I reside in Virginia. Thank you for your Help!