Bottom Line from AARP RMDs due for 2020 are waived, but you can take them if you need the funds or to take advantage of the tax planning opportunities opened for this year. Also, there has been a change in starting age from 70.5 to 72. For more information see https://www.aarp.org/money/investing/info-2020/cares-act-retiree-tax-benefit.html.
Outstanding Source of Material – The Internal Revenue Service This URL should be in your special group; irs.gov. I use it all the time. In the recent past I have visited the site for information on Equity Sharing, Mandatory Distribution of IRA’s, Standard Deduction, 1031 Exchange, 2018 Changes, Tax Rates, Passive Losses, Residence Gain Exclusion, […]
Is It Possible To Purchase Rental Real Estate In A Self-Directed IRA? Yes. Is it difficult or time-consuming to form your own Self-Directed IRA for purchasing Real Estate? No, contact any professional provider. Is it simple to handle purchasing Real Estate in a Self-Directed IRA? Definitely not. There are many complexities and you will need […]