All Forum Posts by: Gebson Pinheiro

Everyone breaks the law.  Everyone who's posted here has broken the law, so let's not go pointing fingers.  If you drove 1 mile over the speed limit, you've broken the law.  The question is not whether or not this is legal, because it's a gray area (such as "keeping up with the pace of traffic" in some states).  The question is how often does the federal government chase after a small fry like me performing a step transaction just trying to not run out of money in retirement.

That is the correct answer, @George Blower. It is a step transaction that is only discovered if someone is looking for it. Considering how the Feds can barely figure out laundering operations in front of their noses, I'm pretty sure an IRA transaction is well below their radar.

I am not asking for OPINIONS of self-proclaimed experts, I am looking for actual experiences of people who have performed this completely qualified transaction. 

https://www.iraresources.com/b...

I'm thinking about selling a property I currently own to my adult stepchild (would trust with my life). I am planning to quitdeed claim the property to the stepchild (gift the stepchild closing costs needed to buy it from me), then my Self-Directed Roth IRA LLC checkbook account would immediately buy it back from the stepchild. Has anyone taken this (legal) route? How did it work out? Did the IRS not blink an eye?