How can I use Self-Directed IRA funds to buy a new home?

I own a couple of houses in one of my Self-Directed IRAs. One of the houses is a rental property, which I would like to sell in order to finance the purchase of a retirement home. I recently reached the minimum required age to start taking distributions from my IRAs. How can I convert my real estate investment in one of the Self-Directed IRAs into cash for the purchase of a new home?

Retirement, IRAs, Real Estate
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August 2017
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Sell the house in the IRA and you will have cash in the IRA.  Do a cash withdrawal from the IRA (taxable event) to yourself personally and buy the retirement home.  The IRS does not allow your IRA to own a home which you live in.  Real Estate in the IRA must be investment property.

August 2017
August 2017