SD-IRA invsting in partnership

[Jon Klaus]

Scenario: My SD-!RA plans to invest in a partnership as a limited partner. There are other general partners (not IRA's). There will be a JV agreement to invest in the purchase, development, and sale of real property. The partnership will file a 1065 with the IRS.

What will I need to be fully legitimate? What will my trustee need? (Equity Trust) Ask them, you say? Of course, but they say someone will call me back in 24-48 hours and time is of the essence.

[Jon Holdman]

Units in a LLC, shares in a corporation, or investments into a limited partnership or JV - its all the same. Jon K. describes it alternatively as a partnership with limited partners and as a JV, so I'm not sure which it is. But the concept is the same. Jon's IRA is an investor in some entity. Equity Trust will need a form. This form, in fact.. The specific wording you need (from this form) is: 'Equity Trust Company Custodian FBO “Account Owner’s Name” IRA'.

I have an account with these guys, having been converted over from Sterling Trust. But only one investment still here. Like Ann Bellamy I got tired of the delays and run around and after two screwed up deals set up an account using Guidant.