Is the IRA LLC Subject to an Annual Tax Return?

QUESTION: Do I have to file an annual tax return for my IRA LLC? ANSWER:  It depends on certain factors such as the following: LLC Entity Annual Report: Virtually all states require that an annual report for the LLC is filed with the Secretary of State.  LLC Entity State Income Tax Return: Some states require […]

Study by EBRI Found IRA Balances Grew 22 Percent Plus from 2013 Through 2017

On September 17, 2020 the Employee Benefit Research Institute (EBRI) released their research findings surrounding the growth in IRA balances from 2013 through 2017. Here are some of the EBRI findings: The average individual retirement account (IRA) balance increased from $93,441 in 2013 to $114,383 in 2017, an increase of 22.4 percent. The average contribution […]

Roth IRA LLC Distribution Rule in Year the Owner Turns age 59 1/2

QUESTION:   I turn 59 1/2 on on October 17 of this year. I’ve had my Roth IRA LLC for over 5 years now. I now want to distribute the earning is my Roth IRA LLC without being subject to taxes and the 10% early distribution penalty.  Do I have to wait until I turn 59 […]

Investing Self-Directed IRA LLC Funds in Foreign Real Estate

Same Rules From a self-directed IRA LLC perspective, the procedures for investing in foreign real estate are the same as they would be if you were investing in domestic real estate.  The buyer is the LLC owned by your IRA and the property needs to be titled in the name of the LLC and funds/payments must flow in and out of the bank account established for IRA LLC.  […]

How to Open a Self-directed IRA LLC Account at Gemini

How to Open a Self-directed IRA LLC Account at Gemini