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Updated 8 months ago, 05/17/2024

User Stats

384
Posts
232
Votes
Kevin S.
232
Votes |
384
Posts

Question on Checkbook IRA

Kevin S.
Posted

Hi BP members,

Anyone know why certain states are excluded from RE investment in SDIRA account?  My state is on the list.

Is Checkbook IRA breaking IRS rule in any way? It is offered as a way to bypass buying RE in SDIRA? How is that?

I read that companies offering a checkbook IRA LLC set up package cost more than that set up by an(my) attorney or CPA. Is that true?

Last question is within the previous question. I didn't know CPA can set up LLC? Is that true?

Thanks in advance.

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