Self directed IRA's

If I purchase an investment property with my IRA can I move into it for 2-5 years and rent out my other property ---using the rent as living expenses instead of reinvesting them back into the IRA. Then eventually selling the original IRA purchase and putting the sale money into the IRA? - Is this your question? Add additional information
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Answers (1)

David Michael Goldman

David Michael Goldman

Contributor Level 7
No, This would be a prohibited transaction. You cannot receive a benefit from your IRA nor can your IRA receive a benefit from you..


David Goldman
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