Can I loan money from my self-directed IRA to myself?
As the IRA owner, you are considered a disqualified person under IRS rules. Your self-directed IRA cannot lend money to you or other disqualified persons.
Doing so would constitute a prohibited transaction and could result in significant tax consequences, including the potential loss of the IRA's tax-advantaged status.
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.
