Comments on: Tax Return for UBIT – Does your retirement plan own leveraged real estate or an active business? http://www.jeffnabers.com/2009/04/15/tax-return-for-ubit-does-your-retirement-plan-own-leveraged-real-estate-or-an-active-business/ The No-B.S. Guide to Building Real Wealth in Your Self-Directed IRA or Solo 401k Sat, 17 Dec 2011 03:25:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: admin http://www.jeffnabers.com/2009/04/15/tax-return-for-ubit-does-your-retirement-plan-own-leveraged-real-estate-or-an-active-business/comment-page-1/#comment-1189 admin Thu, 17 Dec 2009 17:12:04 +0000 http://jeffnabers.com/?p=758#comment-1189 Randall, I suggest you pursue legal advice. Jeff Randall,

I suggest you pursue legal advice.

Jeff

]]> By: Randall http://www.jeffnabers.com/2009/04/15/tax-return-for-ubit-does-your-retirement-plan-own-leveraged-real-estate-or-an-active-business/comment-page-1/#comment-1188 Randall Sun, 22 Nov 2009 06:01:32 +0000 http://jeffnabers.com/?p=758#comment-1188 I want to purchase a house in my IRA with seller financing and then sell the house using the IRA as the seller offering financing. Does this trigger UBIT? I want to purchase a house in my IRA with seller financing and then sell the house using the IRA as the seller offering financing. Does this trigger UBIT?

]]> By: Jeff Nabers http://www.jeffnabers.com/2009/04/15/tax-return-for-ubit-does-your-retirement-plan-own-leveraged-real-estate-or-an-active-business/comment-page-1/#comment-1179 Jeff Nabers Wed, 28 Oct 2009 04:16:08 +0000 http://jeffnabers.com/?p=758#comment-1179 Philip, I suggest you call our office at 877-903-2220 :-) Jeff Philip,

I suggest you call our office at 877-903-2220 :-)

Jeff

]]> By: philip lahmeyer http://www.jeffnabers.com/2009/04/15/tax-return-for-ubit-does-your-retirement-plan-own-leveraged-real-estate-or-an-active-business/comment-page-1/#comment-1187 philip lahmeyer Tue, 27 Oct 2009 23:39:45 +0000 http://jeffnabers.com/?p=758#comment-1187 I would like to confirm what I think I've learned after reading your blogs about UBIT and UDFI as they relate to IRA's . 1) If I want to actively trade futures including forex directly not through an exchange, day trade stocks, flip houses, etc. (an active business) then UBIT applies whether it is done in the IRA itself, an IRA LLC or the IRA invests in a trading company, public or private. There is an exception for trading stocks on margin. 2) If the IRA, LLC, or business partly owned by either invest in leveraged real estate then UDFI applies with an exception for income from public companies that use debt. Assuming the above are correct is there another way to structure the activities to avoid the problem? Thanks and thank you very much for your site. I would like to confirm what I think I’ve learned after reading your blogs about UBIT and UDFI as they relate to IRA’s .
1) If I want to actively trade futures including forex directly not through an exchange, day trade stocks, flip houses, etc. (an active business) then UBIT applies whether it is done in the IRA itself, an IRA LLC or the IRA invests in a trading company, public or private. There is an exception for trading stocks on margin.
2) If the IRA, LLC, or business partly owned by either invest in leveraged real estate then UDFI applies with an exception for income
from public companies that use debt.
Assuming the above are correct is there another way to structure the activities to avoid the problem?
Thanks and thank you very much for your site.

]]>