It use to be that only short term loans of 3 days or less could be given to an IRA to help it weather short term cash flow issues. New rulings by authorities have changed these rules. You can now give a loan to your IRA for an unspecified period of time so long as it is interest free and unsecured and is for ordinary operating expenses or expenses incidental to the operation of the IRA. For additional details, please consult my expert team of self directed IRA coordinators. As with all things IRA and government related, you want to be especially sure that you understand the limitations of these ruling so as not to trigger any unknown tax consequences.

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