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Updated over 11 years ago, 08/25/2013

User Stats

431
Posts
106
Votes
Steve K
  • Investor
  • Orlando, FL
106
Votes |
431
Posts

SDIRA - Prohibited Party

Steve K
  • Investor
  • Orlando, FL
Posted

Has anyone found a way to keep the IRS happy with prohibited transactions when it comes to direct lineal family, or is this a dead in the water issue?

Given the state of the market we're adding more spec builds and as always looking for new ways to fund. I have direct lineal family who would like to use an SDIRA to invest in a few of these but so far everything i've read is saying no go. Without involving non lineal family I don't see a way to make this work.

Has anyone found a way to make this work without getting convoluted? Figured i'd ask here before spending money for a legal opinion.

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