Christine Roberts
Dec 29 1998, 02:03 AM
Is it permissible to name a Roth IRA as a limited partner in a real estate limited partnership where no capital contribution is required?
Gary Steven Lesser
Dec 29 1998, 08:40 PM
It is possible (e.g., real estate limited partnerships), provided, however that the transaction is not prohibited under ERISA and the Internal Revenue Code. It be very carefull, especially when your IRA is getting something for nothing.
[This message has been edited by Gary Steven Lesser (edited 12-29-98).]