Wondering who and what are disqualified parties to your self-directed IRA? Learn about the restricted parties, and how to get around them in your real estate IRA investing from the best in the industry, David Moore!

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Self-directed IRA’s are a great way to save for retirement and have more control over your investments. However, it’s important to be aware of who and what are disqualified parties to your IRA. Knowing this information can help you avoid potential penalties and ensure that your IRA remains compliant with the IRS.

The IRS defines a disqualified party as any person or entity that is prohibited from engaging in certain transactions with your IRA. These parties include yourself, your spouse, your lineal ascendants and descendants, your fiduciary, and any corporation, partnership, or trust in which you have a 50% or greater interest.

In addition, the IRS also prohibits certain types of investments in self-directed IRA’s. These include life insurance contracts, collectibles, and certain types of investments in S-corporations. Furthermore, you cannot use your IRA to purchase real estate for personal use, such as a vacation home or a personal residence.

It’s important to be aware of these rules and regulations in order to ensure that your self-directed IRA remains compliant with the IRS. If you are found to be in violation of these rules, you could face significant penalties.

In conclusion, it’s important to know who and what are disqualified parties to your self-directed IRA. Knowing this information can help you avoid potential penalties and ensure that your IRA remains compliant with the IRS.