SDIRA - Prohibited Party
Has anyone found a way to keep the IRS happy with prohibited transactions when it comes to direct lineal family, or is this a dead in the water issue?
Given the state of the market we're adding more spec builds and as always looking for new ways to fund. I have direct lineal family who would like to use an SDIRA to invest in a few of these but so far everything i've read is saying no go. Without involving non lineal family I don't see a way to make this work.
Has anyone found a way to make this work without getting convoluted? Figured i'd ask here before spending money for a legal opinion.