Trading a IRA Sub S stock for another stock OK ?

My IRA have stock in a bank that is a Sub S Corp. Due to estate planning I want to sell the stock and the bank is not able to buy it back at this time. Can I trade the stock with another person who holds stock in let’s say a fortune 500 company.? Advantage to him would be keeping his gains already achieved. like trading up.

The advantage to me is that I can sell that stock and get out of my situation. I don’t want the bank and my children to have the hassle to sell the stock and the bank not able to split the shares when the Sub S is limited to 100 shareholders.

Advice really appreciated



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