REI Wealth Monthly Issue 04 | Page 61

WHAT TO DO IF YOU FIND YOU HAVE A WORTHLESS ASSET IN YOUR SELF-DIRECTED IRA KAAREN HALL rom time to time the investments our account-holders make go bad. It happens. Risk is always a part of investing. When this happens what should you do? It’s not just a matter of sending an e-mail to your custodian saying the asset has no value. The IRS is going to want proof that the asset is valueless and your IRA custodian cannot determine the value of your assets.