Guest LHart Posted October 6, 2004 Share Posted October 6, 2004 Where can I find a list of assets that fall under the non-qualifying asset umbrella? Link to comment Share on other sites More sharing options...
david rigby Posted October 6, 2004 Share Posted October 6, 2004 Not sure there is such a list, but this might be helpful. http://www.cigna.com/professional/pdf/Smal...eCPA-finalT.pdf I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice. Link to comment Share on other sites More sharing options...
Guest LHart Posted October 7, 2004 Share Posted October 7, 2004 You can find plenty of information regarding what IS qualified, but there is nothing out there that really clarifies what isn't. Everyone gives the same example: real estate . . . so suppose your real estate investments are in a "real estate fund" held by your reputable financial institution, is that qualified or non-qualified? I think I read somewhere that CDs are a non-qualified asset, yet they are held by financial institutions on the "okay" list . . . I would just like something definitive, but there doesn't appear to be a source to reference . . . Link to comment Share on other sites More sharing options...
WDIK Posted October 7, 2004 Share Posted October 7, 2004 If it is possible to categorize a "qualified" asset, what more information is needed? ...but then again, What Do I Know? Link to comment Share on other sites More sharing options...
david rigby Posted October 7, 2004 Share Posted October 7, 2004 I don't think a real estate mutual fund is the same as real estate. For example, they would be recorded in different places on a 5500 Schedule H. (Of course, each asset would be evaluated on its own merits.) I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now