utilities in property held in IRA/LLC

[Scott Smith]

Hello all - I just closed on a rental purchased by my IRA/LLC. Probably 10 days to 2 weeks away from advertising for renters. In the meantime, can I put utilities in my name personally, as long as any and all expenses are paid by the IRA?

Thank you for your help.

[Jon Holdman]

I would seek legal advice on this. I do not think this is a good idea, and could be a prohibited transaction. You absolutely must pay the utility bills from your IRA, not a personal account. The utility company should not have an issue with having the utilities in the name of an LLC.