Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 01-31-2017, 03:03 PM
Junior Member
 
Join Date: Jan 2017
Posts: 1
Transferring assets into Self Directed IRA

Hello -

I invested in one real estate development project with my after-tax money. The investment was made into the LLC that the project developer created. I own 100 shares of the LLC.

Due to personal situation, I need cash and the investment that I have in the LLC is not liquid.

Can I open a self-directed IRA and transfer/buy the LLC shares into it and get cash out?

Thanks.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 01-31-2017, 09:01 PM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by thezone View Post
Hello -

I invested in one real estate development project with my after-tax money. The investment was made into the LLC that the project developer created. I own 100 shares of the LLC.

Due to personal situation, I need cash and the investment that I have in the LLC is not liquid.

Can I open a self-directed IRA and transfer/buy the LLC shares into it and get cash out?

Thanks.
Investing with a self-directed IRA isn?t much different than investing outside of an IRA. Self-directed IRAs are not for everyone. They are for people who want true diversity in their portfolio, who want to be in control of their financial future and they are for those who want to create wealth using their knowledge of investments outside of stocks, bonds, and CDs. I guess you need to contact a retirement plan admin for more info in detail.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Transferring money from a non-US resident as a gift Islandsun8 Miscellaneous 0 07-30-2015 12:07 PM
Transferring an employee from 1099 to W2? Accel2013 Payroll 1 06-20-2013 06:19 AM
Transferring foreign earned income Jjodabell Income 1 03-10-2012 06:03 PM
Transferring Ownership of S-Corp Tax Question wonthropt S-Corporation 2 07-18-2008 12:21 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.