Can someone help me understand how SEPP rules apply to a self-directed IRA that owns real estate? What needs to be done to calculate value of the IRA? Could a real estate agent give appraisal with supporting documentation? Or do you need to contract with an appraisal company?
And just curious, what would happen if there wasn’t enough funds in checking account to pay distribution at some point? (not that I would ever let it get that close)
Thanks in advance,
Swebby
About me: I'm about to turn 55 and have about 70k in net income in commercial property (non-IRA) and about 5-600k in a self-directed IRA that also owns commercial property. I am thinking about retirement in the next year or two, wondering if I can access funds from the IRA to help pad income if needed, and how complicated a process it is.
And just curious, what would happen if there wasn’t enough funds in checking account to pay distribution at some point? (not that I would ever let it get that close)
Thanks in advance,
Swebby
About me: I'm about to turn 55 and have about 70k in net income in commercial property (non-IRA) and about 5-600k in a self-directed IRA that also owns commercial property. I am thinking about retirement in the next year or two, wondering if I can access funds from the IRA to help pad income if needed, and how complicated a process it is.