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Tax, SDIRAs & Cost Segregation

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Todd Michael
  • Real Estate Investor
  • Olathe, KS
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14
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Question on "disqualified person"

Todd Michael
  • Real Estate Investor
  • Olathe, KS
Posted May 21 2014, 09:45

Thank you in advance for taking the time to read my question.

My uncle passed away and left a trust. I would like to purchase some property from his trust using funds from my SDIRA. So my question is if that Trust is a disqualified person.

- The Trust has 2 trustees - 1) My Mother, 2) unrelated friend of my uncle

- The Trust has 3 beneficiaries - all charitable organizations

- My Mother is only a trustee and not a beneficiary.

My reading of the IRS rules of disqualified persons for a trust is that it pertains to who the beneficiaries are and not the trustees, but hoping to get some confirmation.

Thanks,

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