Partnering with your IRA

If you or another dis-qualified party invest along with your IRA this transaction will raise red flags and may be regarded as an “enabling” transaction. As a result the IRS may cause your IRA funds may be prematurely distributed along with taxes and penalties.

Some people are using their IRA funds to supplement the funds needed for an investment. (or vice versa) We have been informed that combining personal and IRA funds this way could be interpreted by the IRS as a “prohibited transaction” resulting in premature distributions, penalties and taxation.

Contact your Custodian and / or Qualified Accountant for details.