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Melinda Turner
  • Pasadena, CA
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Charlie Dombek CPA - self directed IRA

Melinda Turner
  • Pasadena, CA
Posted

Can a self directed IRA enter into a loan agreement where the owner of the IRA is a guarantor

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Doreen Chaisson
  • Professional
  • Portsmouth, NH
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Doreen Chaisson
  • Professional
  • Portsmouth, NH
Replied

No, an IRA owner cannot personally guarantee a loan on behalf of the IRA. If an IRA needs a loan, it must be a non-recourse loan.

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