Can I purchase a flip FROM my self directed IRA? Or vice versa?

[Caleb Christopher]

I have searched the web for ~20min and can't find an answer on this. I'm asking because there's a general prohibition of direct or indirect benefit for the IRA owner...

If my self-directed IRA bought and flipped a property, am I eligible to buy it from the IRA in a for-sale-by-owner scenario (no agent fees)?

And vice versa, if I buy and flip a house and like it, is the IRA eligible to buy it from me?

[Dmitriy Fomichenko]

@Caleb Christopher

You absolutely can not do that! IRS rules prohibit any transaction between self-directed IRA and a "disqualified person" (yourself). Regardless of the price, fees, etc. 

The other problem is flipping in an IRA. Flipping is considered an active business, income and gains from active business in an IRA would be subject to Unrelated Business Income Tax. Retirement accounts are designed to be invested passively (rentals, private lending, syndication, private placements, tax liens, etc). Please do your research and consult with a knowledgeable CPA before you doing a flip in an IRA.