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Tony Bathey, Office Management & Accounts Receivable

Tony Bathey, Office Management & Accounts Receivable

Website: https://www.iraresources.com/

Email: info@iraresources.com

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Removing A Worthless Asset From My Self-Directed IRA

by Tony Bathey, Office Management & Accounts Receivable on (July 11, 2018)

Unfortunately, sometimes an asset you've invested in doesn't end up paying off. If the company has gone bankrupt or just lost its value, you may want to consider removing the asset from your account— especially if you'll need to take your required minimum distribution (RMD). Talk to a financial professional and if this is what you need to do, here's the process: 

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Topics: Self Directed IRA Rules, Fair Market Valuation (FMV)

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