Certain transactions within a retirement plan that violates Internal Revenue Code 4975. Prohibited transactions include, but not limited to, living or utilizing the property owned by your IRA, using your IRA to buy property from a disqualified person, and creating a situation where you or a disqualified person to you receive a benefit of any kind. (i.e. payment for a job, but the application is much broader) from your self-directed IRA.
Filed under Investment Strategy, IRAs
Related terms
- Self-Directed IRA2023
- Self-Dealing2023
- Roth IRA2023
- Real Estate IRA2023
- Minimum Distributions2023
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