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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