Prohibited Transaction Case Law Summary
![Prohibited Transaction Case Law Summary 1 prohibited transaction](https://www.irafinancialtrust.com/wp-content/uploads/2018/07/prohibited_transaction.jpg)
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 […]