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American IRA Discusses Avoiding Prohibited Transactions with a TurnKey IRA Self-Directed IRA LLC

TurnKey IRA recently published a post about avoiding the complexities of prohibited transactions within a Self-Directed IRA LLC.

ASHEVILLE, NORTH CAROLINA, USA, July 1, 2023/ -- A Self-Directed IRA LLC can be a flexible and powerful way to invest for retirement, giving those investors plenty of options for exercising “checkbook control” in an IRA. But as a recent post at TurnKey IRA pointed out, it also helps to know the limits of these arrangements. While there are plenty of investment options for a retirement investor using a Self-Directed IRA LLC, the enhanced freedom that comes from investing this way also means investors need to know what kinds of prohibited transactions to avoid.

In a retirement investing context, a prohibited transaction refers to any transaction which the IRS would not consider a valid retirement investment. This is usually due to the nature of the transaction—such as an interaction between a retirement account and someone the investor knows, otherwise known as “disqualified persons.” A Self-Directed IRA LLC can potentially invest in real estate; however, if that real estate transaction takes place with a sibling of the account holder, for example, it would represent a prohibited transaction.

However, investors who aren’t used to the idea of a Self-Directed IRA LLC may need some additional context. Utilizing a Self-Directed IRA LLC, investors gain the advantage of "checkbook control," which allows them greater flexibility and autonomy in their retirement investments. However, as the blog post highlights, it is crucial to be aware of the boundaries within which these arrangements operate. While a Self-Directed IRA LLC offers numerous investment options, the increased freedom it provides will require a comprehensive understanding of prohibited transactions to safeguard one's retirement funds. That’s why investors frequently work with a service provider like TurnKey IRA, who can help administrate the account on valid retirement transactions.

TurnKey IRA, a leading provider of Self-Directed IRA solutions, aims to educate investors about the complexities of prohibited transactions within a Self-Directed IRA LLC. Their recent blog post sheds light on the importance of understanding the limitations and guidelines associated with these investment structures. It’s a powerful way to invest—but like many powerful strategies, often requires knowing one’s limits.

Interested parties who want to know more about Self-Directed IRA LLCs can reach out to TurnKey IRA at 844-8876-IRA (472), or visit the website at

American IRA frequently publishes content about Self-Directed IRAs, including specific accounts, at its blog at Interested parties may also reach out to the Self-Directed IRA administration firm American IRA by dialing 866-7500-IRA.

"American IRA, LLC was established in 2004 by Jim Hitt, Founder in Asheville, NC.

The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Jim Hitt and his team have grown the company to over $700 million in assets under administration by educating the public that their Self-Directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals, and much more.

As a Self-Directed IRA administrator, they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents, or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties, or agreements made by any such person or entity and do not provide any recommendation on the quality profitability, or reputability of any investment, individual, or company. The term "they" refers to American IRA, located in Asheville, North Carolina"

Michelle Parparian
American IRA, LLC
+1 828-257-4949
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