Question on "disqualified person"
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,