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Updated over 7 years ago on . Most recent reply

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47
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11
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Albert L.
  • Investor
  • Temple City, CA
11
Votes |
47
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Fractional ownership in syndicated LLC in IRA, $800 LLC tax?

Albert L.
  • Investor
  • Temple City, CA
Posted

Hi,

I am wondering, if I invest in a syndicated deal where I own fractional ownership in a LLC using an IRA, does that mean it would be subject to the yearly $800 California franchise tax?

Thanks!

Most Popular Reply

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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
6,235
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

No, your IRA will not have to pay the fee, the syndication who creates the LLC will have to pay the franchise tax.

  • Dmitriy Fomichenko
  • (949) 228-9393
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