Self-Directed IRA LLC – Conflict of Interest in Prohibited Transactions

by Retirement Advisor | Sep 10, 2022 | Self Directed IRA

Learn more about prohibited transaction rules with your self-directed IRA LLC:

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A conflict of interest transaction with a self-directed IRA LLC is an “indirect prohibited transaction.”
What is an indirect prohibited transaction?
This is where you (the IRA holder) send/invest money in a transaction that involves disqualified persons indirectly.
The conflict of interest prohibited transaction is similar to self dealing.
Example:
You (IRA holder) invests in a business using your IRA funds to secure a job. You are not investing in a business for the benefit of your IRA, but for yourself. This is an investment the IRS prohibits.

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Adam Bergman founded IRA Financial Group and IRA Financial Trust. Prior, he was a tax attorney at some of the largest law firms in the country, including White & Case LLP. He’s written 7 books on the taxation of Self-Directed IRA and 401(k) plans and is a frequent contributor to Forbes.com as well as a member of the Forbes Finance Council. IRAFG was founded to help educate Americans about self-directed retirement investments, empowering them to gain control over their funds.

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