Will I Owe Tax on My Self-Directed IRA Investments?
Self-directed IRAs (SDIRAs) can offer incredible benefits. With Traditional IRAs, contributions may be deductible, and investment growth is tax deferred until the assets are distributed—and with Roth IRAs, qualified distributions...
How to Report Rollovers on Your Tax Return
Did you move any retirement savings last year to a new account or provider? Whether you moved money from your former employer’s retirement plan to your new employer’s retirement plan...
2023 Self-Directed IRA Deadlines and Contribution Limits
As the 2023 tax-filing deadline quickly approaches, it may be easy to forget to make your annual contribution to your self-directed IRA. But failing to timely contribute to your IRA...
When Should You File IRS Form 5329 or 8606?
Tax filing season is fast approaching—but this filing deadline doesn’t have to create undue apprehension. If you follow a few simple reporting rules for your self-directed IRA, filing your tax...
Calculating Tax on IRA Distributions
Did you take a distribution (or withdrawal) in 2023 from your IRA or other tax-qualified retirement plan? If so, you should have received an IRS Form 1099-R by the end...
IRS Annual Requirements for Alternative Asset Valuations
The IRS requires all retirement plan accountholders to obtain and report the fair market value (FMV) of assets held in their account(s) on an annual basis. The current value of...
