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Updated about 13 years ago,
Loan to SDIRA?
I am contemplating a property and the total cost may be 2-3k more than what I have in my SD-IRA. Can I loan the money to my SD-IRA or would I have to get it from another individual??? Obviously I could pay it back in January with my next contribution. It doesn't make sense to pursue a bank loan... But I dont't want to make a prohibited transaction.