Self-Directed IRA Alternative Investment Transactional Mastery Quiz 2
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Question 1 of 5
Which of the following are benefits of truly self-directed IRAs over regular IRA accounts?CorrectIncorrect
Question 2 of 5
What are some assets that could end up jeopardizing the tax-deferred or tax-free status of a self-directed IRA account?CorrectIncorrect
Question 3 of 5
A self-directed IRA owner is not allowed to __________, meaning that the transactions that take place in the account must be done at arm’s length and not involve the IRA account owner, or even members of his or her family.CorrectIncorrect
Question 4 of 5
True or False: You are allowed to pay yourself a fee from the money that flows into the self-directed IRA account, such as from the rental income of your investment property(ies).CorrectIncorrect
Question 5 of 5
True or False: A truly self-directed IRA can give you the potential for added growth in your account.CorrectIncorrect