Posted by Brent_IL on August 27, 2003 at 21:38:59:
Not from you. Check to see if it’s permissible for siblings.
IRA Question - Posted by Mark
Posted by Mark on August 27, 2003 at 18:30:07:
If a family member buys a house and then L/O’s it to me, can my IRA then buy the option?
Re: IRA Question - Posted by William L. Exeter
Posted by William L. Exeter on August 28, 2003 at 23:11:04:
Self-Dealing is a prohibited transaction. Dealing with your ancestors (parents, grandparents, etc.) and your lineal decendents (kids, grandkids, etc.) are also prohibited transactions. Sisters and Brothers are gray areas, so it depends on who you speak with. If you are conservative you should not do it, if you are aggressive you might want to review it as an aggressive tax/investment option.
Bill Exeter
Diversified Retirement Services Corporation