Yes. In Swanson vs. Commissioner Swanson’s IRA was partnered with the IRAs of his 3 children and Swanson was the director of the company (Swanson won the case).

However, if you are going to make your LLC owned by multiple members (whether they are disqualified or not), the IRA LLC will become disqualified for any additional IRA capitalization as where an LLC owned 100% by one IRA becomes a part of the IRA and you are allowed to make annual contributions to the entity (see See DOL Advisory Opinions 97-23A and (2005-03A).

Please note that you are required to file partnership tax returns annually when you partner with someone else in your IRA LLC.

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