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Updated about 11 years ago,

User Stats

347
Posts
191
Votes
Shera Gregory
  • Investor
  • Richmond, VA
191
Votes |
347
Posts

Rent deposit for house owned in my SDIRA

Shera Gregory
  • Investor
  • Richmond, VA
Posted

I have a checkbook control Roth IRA in which I recently purchased a small single family home for long term rentals. For my non-IRA rentals I have a separate savings account to hold all the rental deposits since you are not supposed to co-mingle deposits with other funds. For the SDIRA I have a checking account for the LLC which I set up at a different bank from all my other checking just to prevent any accidental transfers between accounts that might cause a problem. So -- my question is about the deposit for the house owned in the SDIRA. Should this go into the LLC that the SDIRA owns or should be it be held outside of the IRA?

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