Directed IRA Podcast

Tax-Free Investing & Contribution Deadlines: Your Self-Directed Account Questions Answered

Jan 2, 2024

Discussion on crucial deadlines for Roth conversions and compliance requirements for retirement accounts. Answering questions on self-directed retirement accounts, cost segregation strategies, Solo 401(k) contributions, VRBO taxes, multifamily and single family home purchases, and creating tax-free real estate investments.

35:35

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Quick takeaways

To optimize taxes for 2023, it is crucial to do a Roth conversion before December 31.

LLCs owned by retirement accounts and other entities must comply with reporting requirements starting January 1st to avoid penalties and legal consequences.

Deep dives

Importance of Roth conversion before December 31, 2023

It is important to do a Roth conversion before December 31, 2023, to optimize taxes for 2023.

Introduction

2min

Roth Conversion and Self-Rental Cost-Seg

15min

Tax implications of using a self-directed Roth IRA to invest in a business

10min

FinCEN Requirements and Foreclosure Expenses for Self-Directed IRA LLCs

3min

Differentiating Administrative Expenses and Asset Expenses in a Retirement Account

3min

Managing Self-Directed Accounts and Complying with the Finson Report

3min

Mat and Mark discuss crucial deadlines for Roth conversions, clarifying the 2023 tax implications and compliance requirements for various LLC-owned retirement accounts. Alongside holiday banter and a touch of festive attire. Discover answers to your pressing questions on self-directed retirement accounts, cost segregation strategies, and the nuances of Solo 401(k) contributions. Uncover insights into VRBO taxes, multifamily and Single Family home purchases, and how to create Tax-Free Real Estate Investments.

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Directed IRA Podcast

Tax-Free Investing & Contribution Deadlines: Your Self-Directed Account Questions Answered

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Importance of Roth conversion before December 31, 2023

Complying with reporting requirements for LLCs and entities

Penalties for non-compliance with reporting requirements

Summary of Q&A about self-directed retirement accounts

Remember Everything You Learn from Podcasts