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
 

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