Can a prohibited transaction affect my self-directed IRA?
Yes. A prohibited transaction can have significant tax consequences and may cause the self-directed IRA to lose its tax-advantaged status. Because the consequences can vary, you should consult with a qualified tax or legal professional regarding your specific situation.
Get Started With Mountain West IRA
Explore self-directed retirement account options that allow you to hold a broader range of allowable alternative assets.
Our team provides administrative and recordkeeping services to help you establish your account and process transactions at your direction.
