Gary73 10 #1 October 18, 2017 Can I take money from my IRA and buy stock in a subchapter S corporation that I own? "Extraordinary claims require extraordinary evidence." - Carl Sagan Quote Share this post Link to post Share on other sites
DiverMike 5 #2 October 18, 2017 No http://finance.zacks.com/can-ira-own-s-corp-stock-3340.html For the same reason I jump off a perfectly good diving board. Quote Share this post Link to post Share on other sites
jdkalou 0 #3 October 18, 2017 Depends on what you mean by "take money from my IRA." You cannot if you wish to keep the funds qualified as tax deferred. But you can if you wish to take the money out of the IRA, pay taxes and penalties, then invest in your own company. Quote Share this post Link to post Share on other sites
Gary73 10 #4 October 18, 2017 Thanks; that article is rather more clear than the IRS website. I don't agree with the logic of the rule; after all, any stock or bond can go up or down in value, including a S-corp's, but if that's the rule, oh well. "Extraordinary claims require extraordinary evidence." - Carl Sagan Quote Share this post Link to post Share on other sites
Gary73 10 #5 October 18, 2017 Right, the whole idea was to keep it under the IRA umbrella so I don't have to pay the tax on a distribution, when it was really just a loan, which also isn't allowed from an IRA. There are a lot more restrictions on these things that they let on. Still a good deal, just not as good as it could be. So much for that aircraft upgrade. "Extraordinary claims require extraordinary evidence." - Carl Sagan Quote Share this post Link to post Share on other sites
Phillbo 11 #6 October 19, 2017 Cash it out and buy Hookers and Blow instead. Quote Share this post Link to post Share on other sites
BIGUN 1,314 #7 October 19, 2017 No. But, you can borrow money to invest using the IRA as collateral.Nobody has time to listen; because they're desperately chasing the need of being heard. Quote Share this post Link to post Share on other sites
