Self Directed IRA - Non RE Investments
I own an AV contracting business where 75% of my revenue is material and equipment purchases. I wish to set up a self-directed IRA whereby the IRA purchases the equipment at cost and sells it to my business at cost plus profit. I've been told this practice is being used by construction companies, but I can not find info on it anywhere at the IRS. Can anyone help?
Contact a company that markets self directed IRA's Entrust Administration is one. I'm not an expert but I think what you want to do might be considered self dealing & not an "arms length transaction"