Self-Directed IRA Prohibited Transactions


«Generally, a prohibited transaction is any improper use of your traditional IRA account or annuity by you, your beneficiary, or any disqualified person.» IRS Pub 590 – Well that seems fairly broad and vague, but what can we expect, it is the IRS after all. They do give a definition of a disqualified person that is a little more clear and straightforward: «Disqualified persons include your fiduciary and members of your family (spouse, ancestor, lineal descendant, and any spouse of a lineal descendant).

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