376: OPEN FORUM SHOW - Answering Difficult Tax, Legal & Business Questions
Main Street Business
00:00
Is a Dad's Ira Can't Lender?
A dad's ira is can't lend because who owns the business? His son. Son's a disqualified person under the rules, whether it's you or your brother. Could he invest only if you guys are putting in cash. But this sounds like an operating business where youe oin to get ownership for doing the work and services,. So i don't see the dads s t ra coming into the mix here. Is it's probably gong to be prohibited.
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