Tax Reporting Requirements for a Self-Directed Rollover IRA  by
Fraser Sherman Google      A self-directed individual retirement
account can invest in almost anything you can imagine, with a
few exceptions, such as buying collectibles. You tell the
custodian what investments you want to make, and she carries out
your directions. A self-directed IRA is tax-deferred like any
other IRA. In most cases, you have no taxes to report on the
earnings until you withdraw money.      Rollover Rules      If
you roll over a traditional IRA into a self-directed traditional
IRA, you don't pay any tax on the transfer as long as you
complete it within 60 days. No tax is levied if the IRA
custodian moves the money. If you transfer the assets over to a
Roth IRA, you have to pay income tax on the money you move. You
use Form 5498 to report such a transfer, unless your custodian
handled it. You also use it to report any regular contributions
you make to your account.      Unrelated Business Income
One exception to the IRA's t