Yes. A self-directed IRA may hold farmland and certain agricultural assets, provided the asset and transaction comply with applicable IRS requirements. Income generated by an IRA-owned agricultural asset, such as lease income, must be returned directly to the self-directed IRA.
A self-directed IRA may hold certain agricultural assets, including farmland and other qualifying agricultural property. Depending on the asset, the property may generate income, such as lease payments, which must be returned directly to the self-directed IRA.All income and expenses associated with the IRA’s ownership interest must be handled through the self-directed IRA. The account owner and other disqualified persons must also follow applicable prohibited transaction rules.
To open a self-directed IRA, complete the online application for your account type, fund it by transfer, rollover, or contribution, then submit a Purchase Kit directing Mountain West IRA to buy the property on behalf of your IRA.
The Agricultural Investments IRA Guide covers how farmland is titled to your IRA, how the lease to an operator has to be structured, and where lease income and expenses flow. Opening an account takes about 15 minutes when you're ready.
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Access all required forms for purchasing, funding, and managing real estate investments through your Mountain West IRA, including purchase kits, wire instructions, and transaction-related documents.
Mountain West IRA is a self-directed IRA Administrator and record-keeper and does not provide investment, tax, or legal advice. All information is general in nature. Investors should check with their own financial advisor, tax professional, or attorney about their exact situation before making any investment.