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Updated almost 3 years ago on . Most recent reply presented by

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Sylvana Strawn
  • Cocoa Beach, FL
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SDIRA trust form 1041

Sylvana Strawn
  • Cocoa Beach, FL
Posted

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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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied
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. 

  • John Underwood
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