Podcast: Kellerman - IRAs and Prohibited Transactions

While it is possible for a “self-directed” IRA to invest in real estate, CPA financial planners should work closely with clients to avoid potential tax law traps that would be considered a “prohibited transaction” rendering the IRA non-exempt.

In this podcast, Bob Keebler addresses the case of In re: Kellerman, describing the series of prohibited transactions that led to the US Bankruptcy Court ruling that an IRA was not exempt from taxation.