IRA LLC

The non-deductible IRA contribution can and should be converted immediately to the Roth IRA to avoid any gains inside the non-deductible IRA. The IRS does not impose an amount of time before the conversion can be processed. In year’s back some professionals recommended waiting until a physical paper trail was created; however, most statements and […]

While income limits don’t apply in order to convert your IRA, SEP or SIMPLE IRA to a Roth IRA, it may not always make financial sense to proceed. First, a SIMPLE IRA can only be converted to a Roth IRA once two years have passed since the first SIMPLE IRA contribution. Following are some reasons […]

An LLC where the self-directed IRA is the sole member of the LLC is often invested in real estate.  If the IRA funded LLC does not have enough funds to outright purchase the real estate property, an option is for the IRA LLC to obtain a non-recourse loan.  Give Rise to UDFI (IRC Sec. 514) However, since […]

Thanks to SECURE 2.0 which was signed by President Bident in December of 2022, 529 Plan assets may be transferred to a Roth IRA including a Roth IRA LLC, but a dollar threshold applies as well as other rules–all are discussed below.. What is a 529 Plan? A 529 plan is used to save for […]