Tag Archives: checkbook IRA

60 Day In-Kind Rollover of Self-Directed IRA LLC (aka Checkbook IRA) from Kingdom Trust to a Self-Directed Solo 401k

An IRA including a self-directed IRA LLC (aka checkbook IRA) held at a self-directed IRA custodian such as Kingdom Trust may be rolled over to a self-directed solo 401k. While the preferred method of moving any IRA to a solo 401k is via a direct rollover instead of a 60- day rollover, some IRA custodians […]

How do I take required minimum distributions from my IRA LLC?

Self-directed IRA Question Answered – How do I take required minimum distributions from my IRA LLC?

Self-directed Checkbook IRA LLC FAQ Can I invest my Self directed IRA in my existing LLC?

I am considering setting up an IRA LLC to invest my Roth IRA funds in real estate. I already have an LLC for my business (which sponsors a Solo 401k).  Can I use the same LLC for this IRA and then open a separate checking account?

Self-directed Checkbook IRA LLC FAQ – Can I open the bank account for my IRA LLC at any bank?

I am looking to set up a Roth IRA LLC to invest in real estate.  Can I open the IRA LLC bank account at any bank?

Self-directed Checkbook IRA LLC Question Answered – How should I name my IRA LLC?

I am thinking of setting up a Roth IRA LLC to invest in cryptocurrency. Should one name his/her Roth IRA LLC containing parts of his/her name? or use a non-personal name?

Self-directed Checkbook IRA LLC Question Answered – How to purchase real estate with my IRA LLC?

Self-directed Checkbook IRA LLC Question Answered – How to purchase real estate with my IRA LLC?

Self-directed Checkbook IRA LLC FAQ – How can I invest my Fidelity IRA in alternative investments?

Self-directed Checkbook IRA LLC FAQ – How can I invest my Fidelity IRA in alternative investments?

Checkbook Control IRA LLC Recent U. S Tax Court Case – McNulty v. Commissioner, 157 T.C. No. 10 (Nov. 18, 2021)

Filed November 18, 2021 (ANDREW MCNULTY AND DONNA MCNULTY, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent), a taxpayer’s self-directed IRA was deemed as involved in a taxable distribution because the tax payer (McNulty) stored at her home the American Eagle gold coins purchased through her IRA owned LLC ( IRA LLC, also known as a […]

The Self-Directed IRA LLC Promissory Note Investment Do’s and Don’ts

Next to investing in real estate through a self-directed IRA LLC, investing in promissory notes is also a very popular self-directed IRA LLC investment.  We have put together the following guide for review prior to investing your self-directed IRA LLC in promissory notes investments. Video Slides: The Self-Directed IRA LLC Promissory Note Investment Do’s and […]

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