Cristina G. asked

💰  Tax

I made a $200,000 Real Estate investment in 2007 through an investment company, which resulted in a total loss after one year. I was advised not to file IRS taxes on this money as it was from a self-directed IRA. Now, in preparation for my 2015 taxes, I received a report from the company. Do I need to report this loss, and how should I handle this situation?

July 23rd, 2023

Raymond L. answered

Gains or losses within IRAs or other retirement accounts are not reported in the same way as persona...

July 23rd, 2023

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