SDIRA and selling property

[Mike M.]

Was reading a blog post that indicated that if you own a property in an SDIRA, you cannot sell the property until you are 59 1/2.  Is that wrong/misleading?  I would think you could sell the property as long as all of the proceeds go back into the SDIRA.  Then you could buy another.

[Brian Eastman]

@Account Closed

What you read is either incorrect or you are mis-interpreting.  

When investing in property with an IRA, the IRA owns the property, not you. Just like an IRA can sell a stock or fund at any time, likewise with property. The proceeds are returned to the IRA and are tax-sheltered.

59 1/2 is the age at which you can start taking distributions to yourself from an IRA without a penalty for early distribution.