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Jr Retirement Plan Administrator/ Administrative Assistant Hochheiser Deutsch & Co, Inc.
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Retirement Plan Legal Specialist Pentegra
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Central Pension Fund of the IUOE
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| Holding Non-Publicly Traded Stock in an IRA Motley Fool  Oct. 8, 2002 Excerpt: [W]hat if you want to [use your self-directed IRA to] purchase some stock that isn't publicly traded? Until recently, conventional wisdom was that you couldn't do it. Since the shares in question weren't publicly traded, you broker couldn't get his hands on them. But a recent Tax Court case -- Ancira v. Commissioner, 119 T.C. No 6 (9/24/02) -- may have provided a solution. Let's take a quick look at the case, the Tax Court ruling, and what it means for you. |
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