Posted by Carol on October 29, 2000 at 19:50:49:
for the references. I will bone up, but my understanding was that since the ROTH IRA was simply signing on a non recourse, interest bearing balloon note that the whole transaction was clear of any taxable event. I’ll bring this up to Mid OH once I get a better understanding, as well as to my CPA, but since the Roth is doing the deal, how can it have a taxable event? A CPA I am not, so I really appreciate your diligence in giving a heads up.