sdira

[James Sullivan]

I have some funds in my self directed ira that I want to use (around 10k). Can I loan the money from my sdira to another LLC that I created? I'm not sure if the LLC I want to loan to is a disqualified person

[Dmitriy Fomichenko]

@James Sullivan

be sure to understand the rules before moving on a particular transaction. Remember that when your IRA is involved all transactions must be 'arms length', meaning that IRA can not engage in a transaction with a 'disqualified person':

• The account or plan owner
• The spouse of the plan owner
• The ancestors and descendants of the plan owner, such as their parents and children The children’s spouses are also disqualified
• The fiduciaries of the plan, such as the plan trustee or custodian
• The fund managers or financial advisors
• Entities that the retirement plan holds at least 50% interest, including businesses (corporations, LLC, or partnership), trusts, or estate