• Roth IRA loan

    From Fred J. Tydeman@21:1/5 to All on Mon Nov 6 21:47:04 2023
    Can one Roth IRA lend money to another Roth IRA (so it can buy an
    investment)?

    One person told me that if an IRA gets money as a loan to buy an
    investment in the UK, then when that investment has income, it can pay
    that income out as a loan repayment, which is not taxable. They said
    this is a way to avoid income taxes in the UK investment held in a US
    IRA investment (at least until the loan in repaid).
    ---
    Fred J. Tydeman Tydeman Consulting
    tydeman@tybor.com Testing, numerics, programming
    +1 (702) 608-6093 Vice-chair of INCITS/C (ANSI "C")
    Sample C17+FPCE tests: http://www.tybor.com
    Savers sleep well, investors eat well, spenders work forever.

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