LLC and IRA contributions
We have a small business owner, Single Member LLC. He is wanting to transfer $10k from a LLC checking into a self directed T-IRA. Is this possible?
We have a small business owner, Single Member LLC. He is wanting to transfer $10k from a LLC checking into a self directed T-IRA. Is this possible?
Permalink Submitted by Amanda Minter on Wed, 2021-01-13 20:10
I am just checking back to see if you had any insight on this? I know the basics of the T-IRA contribution limits but when I was digging into this I came across additional info regarding the single member LLC and being able to transfer $$ into the IRA?? it does not sound right but wanted your insight. Thank you.