Archimage Posted August 29, 2005 Posted August 29, 2005 Are there any instances where IRAs are allowed to make loans?
mbozek Posted August 29, 2005 Posted August 29, 2005 To persons who are not parties in interest under IRC 4975. IRA could loan money to unrelated party for home purchase and take back a mortgage with the interest and principal being deposited in the IRA. mjb
Appleby Posted September 6, 2005 Posted September 6, 2005 The trick? Find a reputable custodian willing to accommodate the transaction or one that will not charge the house and the land for accommodating the transaction… Also, don’t forget the UBTI- this usually comes as a shock to affected IRA owners Life and Death Planning for Retirement Benefits by Natalie B. Choatehttps://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/ www.DeniseAppleby.com
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