Working on IRA property

[Greg Wright]

I understand you can’t do any work on a property your IRA owns. What if you have a portion of that property owned by a LLC? Can you argue you are doing work for the LLC portion?

[Brian Eastman]

@John Hyre

Our approach is in line with what @Carl Fischer is saying.  

As plan facilitators, we have a responsibility to take a generally conservative approach and point clients down a safe path.  We generally avoid gray area all together.  There are so many ways that one can achieve success by walking right down the middle of the compliance highway and not getting off into the margins.  Why introduce risk when it is not necessary to do so?  

We do have clients who want to be more aggressive, and will refer them to a direct relationship with qualified counsel for such endeavors.  The gray area is not "do it yourself" territory.