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An IRA owner may not invest in property that he/she, a relative, or his/her business, already owns. Prohibited transactions are transactions that occur between the Self-Directed IRA and Disqualified Person(s). The following are, generally, considered Disqualified Persons.
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The IRA holder
- The IRA holder's spouse
- The IRA holder's ancestors and lineal descendants
- Spouses of the IRA holder's lineal descendants
- Investment managers and advisors
- Anyone providing services to the plan (IRA), e.g., the IRA trustee or custodian
- Any corporation, partnership, trust, or estate in which the IRA holder has a 50% or greater interest
There are of course exceptions to these rules within the IRS code that we utilize in our structure.
What is a Self Directed IRA? >>> Self Directed IRA Advantages >>> Prohibited Transactions >>> Disqualified Person(s)
>>> Self Directed IRA Rules >>> Our Self Directed IRA Process >>> Gold Silver IRA >>> How Do I Learn More or Get Started?
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