Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Isn’t buying and selling real estate within an IRA illegal?

April 26, 2017buying illegal IRA isn’t Real Estate Selling

0

Posted

Isn’t buying and selling real estate within an IRA illegal?

1 Answer

0

Posted

No. The IRA and Department of Labor does not publish a list of legal investments. Instead they provide non-permitted or prohibited transactions and disqualified persons. For example, collectibles are not permitted, while real estate investments are permitted (provided rules and guidelines are followed). Section 4975 of the Internal Revenue Code provides additional information on prohibited transactions.