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Can I buy a house using retirement account funds and let my son or daughter live there?

April 26, 2017account buy daughter funds House let live retirement son

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Can I buy a house using retirement account funds and let my son or daughter live there?

1 Answer

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No. Your son or daughter would be considered a disqualified person since he or she is a family member of the retirement account owner. Other disqualified persons include the spouse, ancestor, lineal descendant or spouses of the lineal descendant.