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Can my Waterford TRUE IRA LLC make loans to a friend?

friend IRA LLC Loans Waterford
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Can my Waterford TRUE IRA LLC make loans to a friend?

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Absolutely. Friends are not disqualified persons under the Code, and therefore, your IRA can make a loan to them for any purpose whatsoever (boat, airplane, hot tub, home improvements, etc.). Of course, you want to make sure that there are proper formalities and reasonable terms to the loan.

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