Friday, May 20, 2011

Can I use my IRA funds to make improvements or repairs?

Can I use my IRA funds to make improvements or repairs?
Yes. In fact, you must use IRA funds to make improvements and pay all costs associated with property. All costs of the property are paid with IRA funds, and all profits made on the property is returned to the IRA. This makes sense because it is an investment the IRA.

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