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The Tax Report

Self Directed IRA owning an LLC

March 8th, 2018

IRA’s are forming LLC’s to invest in real estate.  This is a great opportunity to move quickly on attractive alternative investments. Find an attorney who can create the proper IRA LLC for your needs. Then find a custodian willing to hold the IRA LLC with it’s real estate investments.

Investors should hire an adviser who is aware of the prohibited transaction rules of IRC 4975, the unrelated business income tax rules of IRC 512, and the debt financed income rules of IRC 514.

It is best to consult and attorney who is aware of these issues and meet with them at least annually.

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