Understanding IRA Prohibited Transactions

Understanding IRA Prohibited Transactions

Recognizing possible missteps is key to avoiding significant tax consequences

With individual retirement account assets now exceeding $7 trillion in value, the wide availability of IRA custodians who permit investments in private placements, real estate and other non-publicly traded assets and the Department of Labor’s (DOL) recent promulgation of rules regulating IRA advisors, IRA owners and advisors need to be familiar with the IRA prohibited transaction rules.  

A “prohibited transaction” is any of several actions listed in Internal

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