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