Ep.72: 6 Common Mistakes Investors Make with IRA LLCs and Checkbook IRAs

Directed IRA Podcast

English - October 10, 2022 22:00 - 33 minutes - 23.1 MB - ★★★★★ - 140 ratings
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Previous Episode: EP71 Open Forum: Your Questions Answered on Real Estate in a Roth IRA, Short Term Rentals, UBIT Tax

Next Episode: Ep.73: Solo 401(k) Structures and Strategies

The IRA LLC and Checkbook IRA is one of the best tax savings tools. It provides many opportunities but you’ve got to know the rules to avoid making mistakes.

Think of this podcast episode as your “IRA LLC Safety Class,” led by Mat Sorensen and Mark J. Kohler as they guide you past possible pitfalls including:

Wrong Set up for Your IRA LLC or Checkbook IRA.Why You Must Respect The Prohibited Transaction Rules.Incorrectly Putting Money into Your IRA.Misunderstanding Taking a Distribution.The Consequences of Not Keeping Your LLC Up To Date.Operating Incorrectly Your Checkbook IRA with Case Studies.

Take notes and listen to this episode again to maximize the power of IRA LLCs and Checkbook IRAs!

We've added Expert Panels with experience in over 100 different deals on self-directing with alternative assets the 9th Self-Directed IRA Summit. Learn more at: https://sdirasummit.com/

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Being a Tax Advisor is a lucrative opportunity...Learn more about Marks Main Street Tax Pros here:

https://markjkohler.com/the-main-street-tax-pro-certification/

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https://matsorensen.com/ask-mat

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