Self Directed Ira question
I had some funds remaining in my self directed ira and wanted to see if this would be an acceptable transaction.
Here's the scenario:
Tyler's (me) Ira lends 50k to John (made up individual) via secured promissory note
John’s ira lends 50k to Tyler (me) via secured promissory note
John wouldn't be a family member.
Is this an acceptable transaction?
Thanks