Self Directed IRA Question - Or Lawyer Referral?

[Dan Gheesling]

Hey guys, random question!

In a Self Directed IRA, can you list your own property for sale if you have your license?

Stipulation being:

1. You receive 0% commission and or any compensation on the sale.

I know SDIRAs/self dealing is pretty clear - this area seems a little gray to me. Also if anyone knows a good SDIRA lawyer I can hire/ask that would be just as good.

Thanks so much!

[George Blower]

@Dan Gheesling

In the context of an IRA (not a solo 401k plan), the most conservative approach is not to broker your own transaction; however, the fact that you are not personally benefiting (receiving a commission) but rather looking after an asset of the IRA, this is a good argument that such transaction is not considered a prohibited transaction. What is more, provided you are not consistently brokering these transactions, the argument is that such transaction is not considered sweat equity.