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Q: traditional IRA ( No Answer, 0 Comments )

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Subject: traditional IRA
Category: Business and Money > Consulting
Asked by: lucyfur-ga
List Price: $5.00

Posted: 15 Jun 2004 22:59 PDT
Expires: 15 Jul 2004 22:59 PDT
Question ID: 361729

Suppose I make an unsecured loan from my self directed traditional IRA
and the "loanee" never makes a payment. Am I just out the money?
Further suppose, that I didn't care if I received any money back
because I owed the loanee on another debt. Obviously, this would be a
convoluted way to pay debt, but would it be illegal, in view of the
fact that I may receive payment?

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