IRA Express, Inc.

Prohibited Transactions

When dealing with retirement accounts it is important to have a good understanding of prohibited transactions. Prohibited transactions can occur when funds are invested in prohibited assets, the transaction provides any benefit to a disqualified person, or self-dealing occurs.

Some of the investments that are commonly not allowed to be held in a retirement account include:

• Artwork
• Rugs
• Antiques
• Metals (other than gold and palladium bullion)
• Gems
• Stamps
• Coins (except certain U.S. minted coins)
• Beverages
• Certain other tangible personal property

An example of a disqualified person is:

• The IRA holder or their Spouse
• Any lineal ascendant or descendant of the IRA holder or their spouse
• Investment Advisors or managers
• Any corporation, partnership, trust, or estate where the IRA holder has 50% or greater ownership
• Any third party that provides services to the IRA account such as an Administrator or Custodian

Please refer to IRS Publication 590 and IRC Section 4975 for more information about prohibited transactions.