Joe Bacillus owns Bacilluss Italian Restaurant. A friend of Joes who owns a sports bar comes toJoe and wants to form a partnership with Joe to buy an old building, renovate it, and then more both the restaurant and the sport bar into it along with other tenants. Joe would like to make this investment. He needs approximately $200,000 for his share of the buy-in of the partnership that will purchase, renovate, and manage the building. Because of other recent large expenses, however, Joe finds himself short of cash at the present time. His only large liquid asset is his self-directed IRA, which currently owns $225,000 in stock and bonds. Joe proposes that he direct theIRA to sell the securities and to use the proceeds to invest in the building renovation partnership.Conduct appropriate research to determine if Joes plan is workable. Prepare a research memorandum to the file. Specific Issue Can Joe sell IRA securities and use the proceeds to invest in the building