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Advisory Opinion 2006-09A: Whether IRA's Investment Is a Prohibited Transaction under Section 4975
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] Link to more items from this source
[Official Guidance]
Jan. 30, 2007

Excerpt: This advisory opinion concludes that a self-directed IRA's investment in notes of a corporation, a majority of whose stock is owned by the daughter and son-in-law of the IRA owner, would be a prohibited transaction under the Internal Revenue Code.

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