3 ms·
No it doesn't as that would fall under the rules for prohibited transactions of which there are strict rules and penalties. See https://www.irs.gov/retirement-
by mmd45 5y ago
No it doesn't as that would fall under the rules for prohibited transactions of which there are strict rules and penalties. See https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactions https://www.irs.gov/retirement-plans/plan-participant-employ... .
- kube-system 5y agoIt says that those types of transactions are prohibited between the plan and a disqualified person. Does it prohibit those same transactions between an investment within the plan (like an LLC) and a disqualified person? I mean, if I own Apple stock, I can buy things in the Apple store.
- mmd45 5y agoNo, the LLC is the same as the plan in terms of rules against prohibited transactions. Apple thought experiment works, but if you are personally generating revenue that moves the needle on a IRA investment that would be a no-no.