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Updated about 8 years ago,
Partner on Title to Manage Rental Property
Question:
Can a partner, using their own personal funds, who is on title as tenants in common with a partner that used SDIRA money to fund a rental property, manage and maintain the property for a fee? (Partner is licensed & qualified to do so)
I know it is considered a prohibited transaction for someone using their Self Directed IRA to manage, but unclear whether this rule applies to a partner that used their own Non Self Directed IRA funds.
I'd appreciate any advice from anyone that has knowledge in this area!
~Suzette