Prohibited Transaction Case Law Summary
The Internal Revenue Code does not describe what a Self-Directed IRA can invest in, only what it cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibits Disqualified Persons from engaging in certain types of transactions, known as a prohibited transaction. The purpose of these rules is to encourage the use of IRAs for […]
IRA Prohibited Transaction Rules
IRA Prohibited Transaction Rules in Further Detail Premise of IRA Prohibited Transaction Rules The Internal Revenue Code (IRC) doesn’t describe what a Self-Directed IRA can invest in. However, it describes what that IRA cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibit Disqualified Persons from engaging in certain transactions. The purpose of these […]
The IRS Prohibited Transaction Rules Explained
IRS Prohibited Transaction Rules The Internal Revenue Code does not describe what a Self-Directed IRA can invest in, only what it cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibits Disqualified Persons from engaging in certain type of transactions. The purpose of these rules is to encourage the use of IRAs for accumulation […]
