Want to sell wife's house to an LLC/SD IRA

[Alan Grobmeier]

Hi: I'm looking for some advice. We'd like to sell my wife's house to an LLC partnership where a number of different entities invest. Some of the entities will be my roth SDIRA, some of my personal cash, a couple of partners, and my wife keeping a part equity share.

Does anyone know if this is 'legal'?

I know it is kind of confusing, but it will look something like this:

Wife sells to LLC------------------> Partnership LLC

Wife receives SOME cash to balance out the 'equity' shares.

Partnership LLC is composed of the following, all equal partners:

AG SD Roth Cash

AG Cash

Partner 1 Cash

Partner 2 Cash

Wife ~ Equity share

Would this be considered a 'prohibited' transaction for my SD-IRA?

Thx.