Roth IRA loan

Nov 07, 2023 0 Replies

Can one Roth IRA lend money to another Roth IRA (so it can buy an investment)?



One person told me that if an IRA gets money as a loan to buy an investment in the UK, then when that investment has income, it can pay that income out as a loan repayment, which is not taxable. They said this is a way to avoid income taxes in the UK investment held in a US IRA investment (at least until the loan in repaid).


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