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Can Funds in a IRA be used to Purchase Stock in a Family Business?
Old 09-10-2013, 12:18 AM   #1
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Can Funds in a IRA be used to Purchase Stock in a Family Business?

Can a person use MM funds held in a traditional or a ROTH IRA to purchase shares in a family ranch/farm (which is in the latter stages of being converted from a C-Corp to a S-Corp) and hold those shares in their traditional/ROTH IRA?
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Old 09-10-2013, 01:15 AM   #2
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Usually you will need to find a custodian prepared to hold alternative investments (harder and harder), then get them to approve the alt investment--which may be easier for what you describe than for ltd partnerships (my only experience) and you'll pay higher fees for the custody than in a regular IRA account.
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Old 09-10-2013, 04:49 AM   #3
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Quote:
Originally Posted by packrat44 View Post
Can a person use MM funds held in a traditional or a ROTH IRA to purchase shares in a family ranch/farm (which is in the latter stages of being converted from a C-Corp to a S-Corp) and hold those shares in their traditional/ROTH IRA?
Even if you can, why would you want to? You lose the tax benefits (LTCG rates/loss writeoffs).
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Old 09-10-2013, 09:21 AM   #4
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I agree with teejayevans but my friend google found many by searching for "non traditional ira investments". Looked into this about 5 years ago and it looked good. Did not do the transaction as I found alternatives.
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Old 09-10-2013, 10:09 AM   #5
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I am not going check for you, but I would check to see if a ROTH (or any IRA) can be a shareholder of an S corp....
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