Permalink Submitted by mk foss on Thu, 2011-06-09 20:24
No. S Corporation stock may not be held by an IRA generally. There was some limited exception if the S corporation is a bank but I’m not certain that’s still available.
Only individuals and certain trusts can hold S corporation stock – if stock is acquired by another entity it could disqualify the S corporation for all shareholders.
Permalink Submitted by mk foss on Thu, 2011-06-09 20:24
No. S Corporation stock may not be held by an IRA generally. There was some limited exception if the S corporation is a bank but I’m not certain that’s still available.
Only individuals and certain trusts can hold S corporation stock – if stock is acquired by another entity it could disqualify the S corporation for all shareholders.