Loan against an IRA
Is it possible for an individual to borrow money from an IRA (traditional) as a loan to their corporation which invests in real estate? And in turn can the corporation then make interest payments to the IRA?
Is it possible for an individual to borrow money from an IRA (traditional) as a loan to their corporation which invests in real estate? And in turn can the corporation then make interest payments to the IRA?
Permalink Submitted by Jose Morales on Fri, 2011-02-18 16:57
This sounds very much like a prohibited transaction to me.