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Forums » General Real Estate Investing » Self Dealing Question

Self Dealing Question Subscribe to Self Dealing Question

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David Weir

Real Estate Investor · Minneapolis, Minnesota


Forum_avatar_avatar-roatanman

Icon_minipost Nov 18 '09, 01:24 AM

I have lots of questions about IRA real estate investing I would like to know. Especially the self-dealing IRS rules. Do you know that if one buys 1/2 of a property in their IRA and gets a real low rent lease from the other owner for the 1/2 of the year the IRA does not own, would that be considered self dealing.

Edited: 06/26/2010 at 10:34AM


Shanti S.

· Western, Massachusetts


Forum_avatar_avatar-workerdrone

Icon_minipost Nov 18 '09, 04:11 AM

If I understand your statement, yes, that would be prohibited. It sounds like you want to use the property or stay in it, even part time, while your IRA owns a piece of it. This would be interpreted as "enjoying" the asset and is a no-no.

Edited: 06/26/2010 at 10:34AM


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