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Prohibited Transactions in an IRA

April 6, 2011 by Justin

Some people can get pretty creative when it comes to taking tax deductions for all types luxury purchases or in making investments. A person might buy a boat and then try to deduct the purchase price from his taxes on the basis that he held a lot of business meetings on the boat — therefore, […]

Filed Under: Roth IRAs Tagged With: IRA transactions, roth ira, Traditional IRAs

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