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Beware of Prohibited Transactions in Self-Directed IRA Investment Opportunities
Bloomberg BNA Link to more items from this source
May 20, 2013
"A taxpayer who has a self-directed IRA and who guarantees a loan entered into by a company the shares of which are owned by the IRA runs afoul of the tax Code's prohibited transaction rules, causing the account to fail to qualify as an IRA, according to the Tax Court[.]" [Peek v. Comr., 140 T.C. No. 12 (2013)]

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