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Updated over 6 years ago on . Most recent reply

George Genovezos's profile image
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George Genovezos
  • from Bedford, Texas
  • Member since Oct 24, 2016
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George Genovezos's profile image
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George Genovezos
  • from Bedford, Texas
  • Member since Oct 24, 2016
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George Genovezos
  • Bedford, TX
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Tax, SDIRAs & Cost Segregation

26 USC 408, 26 USC 4975 wording for a SD IRA

George Genovezos
  • Bedford, TX
Posted

Hi all,

I'm about to start a self directed IRA with kingdom and they require verbiage towards 26 USC 408, and 26 USC 4975. Anybody have a sample of this?

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

@George Genovezos,

Checkbook IRA (aka IRA-owned LLC) is not a DIY project. You should hire a CPA, an attorney or a specialty company specializing in this kind of setup to ensure that what you are doing is IRS-compliant. One mistake will screw up your entire IRA so make sure you are using a professional.

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