08-31-2018, 09:03 AM
I am really eager to start exploring this myself. Maybe we can trade insights and ideas. The first thing I want to understand, but haven't had time to research yet is tax treatment.
I assume that this is something you'd only want to do in a tax deferred account, as tracking and reporting the collection of premiums is not my idea of a good time. Am I correct to think that if I did this in an IRA, the premiums collected are not taxed (not now, I mean) and I wouldn't have to worry about tracking / reporting?
I assume that this is something you'd only want to do in a tax deferred account, as tracking and reporting the collection of premiums is not my idea of a good time. Am I correct to think that if I did this in an IRA, the premiums collected are not taxed (not now, I mean) and I wouldn't have to worry about tracking / reporting?