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Updated about 13 years ago, 10/17/2011
Selling property OUT of a SDIRA to prohibited party?
Hello,
I have been doing a lot of reading here and otherwise of SDIRA's. I understand that a person cannot buy from, or sell to, a prohibited party, such as a parent or child.
My questions is this; if one party who owns a property in a SDIRA wants to sell it, and a prohibited party wants to buy it, either within a SDIRA or otherwise, are there certain rules that apply to the timeline of how long it would have to be owned by another outside party that is NOT a prohibited party - such as a 'fellow friendly investor'?
Thanks, Dan