Combining IRA funds with non-IRA funds to purchase single property

[Dan Cahill]

I know an IRA can be used to purchase real estate, but can I combine IRA funds with non-IRA funds to buy a single property? I.e. I would see it as a partnership from a tax perspective, with IRA owning a portion, and myself owning the rest. Would be for an investment property, not personal use.

[Greg Scott]

Boom - Sound of an IRA blowing up.

The IRS doesn't want you to be able to create a situation where you could shift taxable dollars to non-taxable dollars.