Re: ROTH IRA OWNING AN LLC

GA TAX · ‎08-24-2023

Hi Guys,

Can someone assist me with the below:

ROTH IRA can be a beneficial owner in an LLC Or NO?

What happens to the gains reported on the Partnership? Do they flow to the individual or are these tax exempt?

sjrcpa · ‎08-24-2023

Yes. It has to have a Trustee that allows this.

The LLC income may be UBTI, subject to tax, requiring Form 990-T.

The more I know the more I don’t know.

The_AntiTax_Man · ‎08-31-2023

@GA TAX It is possible that a Self-Directed ROTH IRA account can invest in an LLC or a partnership. What name and ID# is appearing on the K-1 given to you by your client?