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Following the rules set forth by the IRS will protect against the losss of the tax-deferred status of your account.
What investments cannot be made?
The following comes from IRS Publication 590:
"Prohibited Transactions"
Generally, a prohibited transaction is any improper use of your traditional IRA account or annuity by you, your beneficiary, or any disqualified person.
Disqualified persons include your fiduciary and members of your family (spouse, ancestor, lineal descendant, and any spouse of a lineal descendant).
The following are examples of prohibited transactions with a traditional IRA:
Borrowing money from it.
Selling property to it.
Receiving unreasonable compensation for managing it.
Using it as security for a loan.
Buying property for personal use (present or future) with IRA funds.
IRS Publications
The following is a list of relevant IRS publications regarding IRAs:
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