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Updated over 2 years ago, 07/16/2022
A Self Directed IRA is considered an Irrevocable Trust
I learn something new every day. I was completing some paperwork on a syndication and the options available were LLC, Individual, Corporation, Irrevocable trust and revocable trust.
I asked the custodian what is the IRA considered and they mentioned IRS (I believe rule 401(a)) considers a solo 401k and IRA an irrevocable trust.
Just thought I would share this as I was really curious.
- Chris Seveney
7e investments
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