Purchasing an Investment Property from my SDIRA

[Brad Tarry]

If I were to purchase an investment property utilizing funds from my SDIRA and thus owned by the LLC which my SDIRA is invested in, would it be legal for me to purchase that property using my personal from that LLC?

In short, have my LLC sell the property to me?

Thank you in advance for any advice.

[Carl Fischer]

@Brad Tarry

It depends,  @Jon Crosby is correct you are a disqualified person, however you can request a Prohibited Transaction Exemption (PTE) from the IRS/DOL. They have been lenient in this area and granting them — as with the IRS it takes time, rules you have to follow, and pay an application fee. 

You can always take an “in-kind” distribution from your Ira  

Hope this helps.