There are IRS restrictions called Prohibited Transactions, which are transactions made through self-directed IRAs that break IRS rules. To maintain the tax advantages of using your IRA funds, be careful not break these IRS rules as that can be costly and have serious consequences.
Understand and follow IRS rules to protect the tax-advantaged status of your IRA and its assets.
At Forge Trust we understand the IRS rules imposed on self-directed IRAs. And as your custodian we can make you aware of prohibited transactions.
Who is considered a disqualified person?
Open. Fund. Invest.
Have a question? Call us at (800) 248-8447.