Certain assets, including life insurance contracts, collectibles, and S corporation stock, are generally not permitted in a self-directed IRA. Exceptions apply to certain qualifying precious metals and coins.

IRS rules also prohibit certain transactions involving the IRA owner or other disqualified persons. These may include using IRA assets for personal benefit, borrowing money from the IRA, or conducting certain transactions with family members or related entities.

Violating these rules can result in significant tax consequences, including the potential loss of the IRA's tax-advantaged status.

Learn More: Visit our Prohibited Transactions page for additional information about restricted assets, prohibited transactions, and disqualified persons.

Mountain West IRA does not provide tax or legal advice. Consult a qualified professional before entering into transactions that may be subject to IRS restrictions.