Permalink Submitted by Alan Spross on Tue, 2008-08-12 00:58
A Simple IRA can hold any of the same assets as a traditional IRA. That said, these two asset types provide plenty of pitfalls that can result in a prohibited transaction, and/or UBTI tax bills for the IRA. With respect to closely held stock, see the following:
Permalink Submitted by Alan Spross on Tue, 2008-08-12 00:58
A Simple IRA can hold any of the same assets as a traditional IRA. That said, these two asset types provide plenty of pitfalls that can result in a prohibited transaction, and/or UBTI tax bills for the IRA. With respect to closely held stock, see the following:
http://benefitslink.com/modperl/qa.cgi?db=qa_distributions&id=187