Using LLC in Roth Conversion
I have received a proposal that I place traditional IRA assets in an LLC which will have governance documents which will justify a 35 per cent discount in the valuation at the time of Roth conversion. Is this appropriate?
Permalink Submitted by Alan - IRA critic on Sun, 2025-09-07 23:05
Any conversion is required to be reported at its fair market value on the conversion date. Will this require a change of IRA custodian to a self directed IRA custodian?
Permalink Submitted by Paul Knag on Mon, 2025-09-08 13:02
I would change custodian as fidelity is my current custodian and does not allow llc s.
Permalink Submitted by Paul Knag on Mon, 2025-09-08 13:03
Question is whether fmv of llc can be discounted 35 percent from the value of the assets held by the llc