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My (CPA, attorney, broker, friend, other person) said that buying and selling real estate in my self-directed retirement plan was illegal. Why?

April 26, 2017attorney broker buying CPA friend person Real Estate retirement plan said Selling

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My (CPA, attorney, broker, friend, other person) said that buying and selling real estate in my self-directed retirement plan was illegal. Why?

1 Answer

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This has been a long-lived myth. Neither the IRS nor the Department of Labor has ever published a list of legal investments. However, there is a list of Prohibited Transactions and Disqualified Persons that deal with what is not permitted. Real estate and other investments are permitted provided you follow the rules.