What can you not buy in an ira?

Key Takeaways Collectibles, such as works of art, carpets, antiques, metals, gems, stamps, coins and alcoholic beverages, cannot be held in these accounts. The IRS doesn't have a list of “approved investments” for self-managed IRAs, but what it does have is a list of types of investments, transactions, and prohibited situations where you don't want your IRA to participate.

Thomas Blackbum
Thomas Blackbum

Total internet guru. Freelance food junkie. Extreme beer geek. Amateur twitter ninja. Wannabe beer trailblazer. Incurable music expert.

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