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Updated about 7 years ago,

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2
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John R ables
  • McKinney, TX
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Is there any legal way to convert my IRA property for my use?

John R ables
  • McKinney, TX
Posted

I have 8 properties in my IRA. One of them bought years ago would really would be a good retirement place for me. I know the IRS rules indicate that I could not 'sell' the property to myself or use the property. Does anyone have experience in legally converting an IRA property to personal use? Even if it is a long term process (I know about the 5 year look back rule). Any ideas?

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