What transactions are prohibited in a self-directed IRA?
- Borrowing money from it.
- Selling property to it.
- Using it as security for a loan.
- Buying property for personal use (present or future) with IRA funds.
What assets can be held in a self-directed IRA?
Understanding a Self-Directed IRA (SDIRA)
With an SDIRA, you can hold precious metals, commodities, private placements, limited partnerships, tax lien certificates, real estate, and other sorts of alternative investments. As such, an SDIRA requires greater initiative and due diligence by the account owner.
Are self-directed IRAs going away?
you will no longer be able to purchase any of the above investment types in your IRA. you will be required to dispose of any such investments that you currently hold in your IRA by no later than December 31, 2023.