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Category:Traditional IRA

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If you are looking for information about using funds within an IRA to own alternative assets inside the IRA, you might also find good info searching on ROBS (Roll Over as Business Startup).

One recent case, that went against the taxpayer, is 140 T.C. No. 9 (Peek and Fleck):

"Held: Each of Ps’ personal guaranties of the FP Corp. loan was an indirect extension of credit to the IRAs, which is a prohibited transaction; and under I.R.C. sec. 408(e), the accounts that held the FP Corp. stock ceased to be IRAs."

Pages in category "Traditional IRA"

The following 44 pages are in this category, out of 44 total.

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