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Updated over 2 years ago on . Most recent reply
SDIRA trust form 1041
I have a self directed IRA held in a Florida Trust, which needs a Federal tax form 1041 filed. I can't figure out how to show on this form that it is tax exempt since it is an IRA. Does anyone know a tax accountant I could hire to do this? My IRA isn't in an LLC, it's in a trust, and I can't find anyone who knows how to file this. Thank you in advance!
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Quote from @Sylvana Strawn:
I have a self directed IRA held in a Florida Trust, which needs a Federal tax form 1041 filed. I can't figure out how to show on this form that it is tax exempt since it is an IRA. Does anyone know a tax accountant I could hire to do this? My IRA isn't in an LLC, it's in a trust, and I can't find anyone who knows how to file this. Thank you in advance!
Is this a Solo401k? Mine is held in a trust and doesn't have a 3rd party custodian. You don't have to file anything until assets reach 250k. Then there is some EZ form you use. You should be able to Google and find this form.