ehayden27

Thank you for your input. The question arose in light of the plan's owner only status and whether Trustee directed was in essence participant directed, in the case of a CBP. Appreciate your response.

I have an owner only CBP that invested plan assets in collectibles (art and watches). They are held in a vault, so as I understand it there is no PT for personal use by a disqualified person, however, I believe the rules for self-directed accounts apply in this case and upon the purchase of the items, a deemed distribution occurred. I'd appreciate thoughts and commentary from others. Investments in Collectibles in Individually Directed Qualified Plan Accounts _ Internal Revenue Service.pdf