Can I assign a contract to my self-directed IRA?

[Shera Gregory]

My guess is "no". Still in the process of funding my Roth IRA LLC and there's a property I would like to make an offer on but I won't have the $ in the LLC account for another 10 days or so to be able to write the earnest money deposit check under the LLC name. So .. any chance I could get the house under contract & then assign it to the LLC?

[Jon Holdman]

No. That would be a prohibited transaction. You and your IRA cannot do any business with each other.