Many self-directed IRA custodians allow your IRA to hold secured or unsecured promissory notes. Some examples include Forge Trust, Pacific Premier, Millennium Trust, Equity Trust, etc. Your IRA will earn the interest on the promissory note and that interest will be tax deferred (traditional) or tax free (roth), but you will have to pay account fees to the custodian to maintain this arrangement.
The custodian you choose will be able to tell you if the borrower is allowed, per IRS regulations.
The custodian you choose will be able to tell you if the borrower is allowed, per IRS regulations.
Statistics: Posted by JamesSF — Sat Feb 24, 2024 1:58 pm — Replies 10 — Views 533