Who is a “Disqualified Person”?

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A Disqualified Person is any of the following: The IRA account owner. Anyone providing fiduciary services to the plan (IRA). A member of the IRA account owner’s family including spouse, parents, lineal descendant and any spouse of any lineal descendant (children … Continued

What are “Prohibited Transactions”?

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Self-directed investors should be aware of, and avoid any, Prohibited Transaction between the IRA and a Disqualified Person. The following is a summary of what is contained in Section 4975 of the Internal Revenue Code that describes Prohibited Transactions, and … Continued