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Updated almost 8 years ago,
Legitimate/legal LLC expenses for self directed IRA
I just set up my LLC that manages my self directed IRA. What expenses are considered legal to expense out of this entity? My custodian seems conservative. Would travel to look at investments be legitimate? My custodian states it's only the investment, but obviously there are things that go along with that like bank fees, office supplies, checks. Just seeing how liberal I could be. Someone once told me I could pay myself a management fee and he said no. I am planning on paying my CPA out of it. Thanks for any help!