Traditional IRA member of single LLC
What are the pros and cons of having your traditional IRA the owner of a single member LLC? The only assets of the LLC are precious metals.
What are the pros and cons of having your traditional IRA the owner of a single member LLC? The only assets of the LLC are precious metals.
Permalink Submitted by Alan - IRA critic on Wed, 2017-02-01 00:35
This article explains the pros and cons: http://jux.law/ira-llc-how-to-use-an-llc-for-a-self-directed-ira/
Permalink Submitted by Howard Cook on Wed, 2018-02-07 20:41
Link is dead.
Permalink Submitted by William Koch on Thu, 2017-02-02 14:02
Thanks much, Alan.
Permalink Submitted by William Koch on Wed, 2017-02-08 13:55
Does the IRA have to file a tax return for the LLC?
Permalink Submitted by Alan - IRA critic on Wed, 2017-02-08 17:49
No, not if the investments are limited to precious metals.
Permalink Submitted by Howard Cook on Wed, 2018-02-07 20:37
Trying to form one of these in Florida. No luck with finding the requisite specialized Operating Agreements despite having a few law books on LLC’s none address this. Any guidance?
Permalink Submitted by Alan - IRA critic on Wed, 2018-02-07 23:01
Suggest checking with your self directed IRA custodian for advice.