Self-directed IRA's | Ed Slott and Company, LLC

Self-directed IRA's

I have a self-directed IRA. It currently resides with a mutual fund company. An unrelated friend is forming a general/limited partnership to invest in a business. May I take some of the funds from my self-directed IRA and be a limited partner in this business? Do I have to go through a trustee? What kind of paperwork does the general/limited partnership have to generate, and who gets copies? What happens to any depreciation that comes to my IRA? Sincerely, Harold

Find members of Ed Slott's Elite IRA Advisor GroupSM in your area.
We neither keep nor share your information entered on this form.

I agree to the terms and services:

You may review the terms and conditions here.