Can one buy A primary home within an IRA
I attended the july chicago course, I have the manual and cannot find the answer- I do recall going over this.
Will you be willing to answer and share where it is in the manual.
Thank You in advance for your help.
Dawn
Permalink Submitted by Alan Spross on Wed, 2008-08-20 19:16
You cannot purchase a personal use home with your IRA, as that would be a prohibited transaction. For more detail, refer to p 9 on the attached link:
http://www.aba.com/NR/rdonlyres/D8BE9599-E5ED-4994-91CB-BF8B23A2AE7C/429…