Self directed IRA buys business in which IRA owner owns 34%
Can a self directed IRA purchase the remaining 66% of the owners business?
IRA owner owns 34% of private business, wants to use self directed IRA to buy remaining 66% from partner. Is this a prohibited transaction to disqualified person? or will this create a prohibited investment transaction form the increase in ownership?
Submitted by Kevin Etter on Wed, 2018-12-12 00:02