Can I borrow from my IRA? James July 13, 2018 01:01 Follow No. Internal Revenue Code Section 4975 prohibits that. Related articles Can I invest in shares of my own company? Can I transfer shares of public companies into my AltoIRA? When am I allowed to take a distribution without penalty? Will I incur any fees from my custodian to transfer money out of my IRA? What kind of account can I open with AltoIRA? Comments 0 comments Please sign in to leave a comment.