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Updated almost 12 years ago on . Most recent reply

User Stats

54
Posts
11
Votes
Jim Bentley
  • Investor
  • Oklahoma City, OK
11
Votes |
54
Posts

Multi account insurance discount for SDIRA

Jim Bentley
  • Investor
  • Oklahoma City, OK
Posted

I'm getting ready to close on my first investment house purchased by my SD IRA. My personal insurance agency gives a discount of 10-15% on my insurance policy because I have multiple, personal (homeowners/auto/umbrella) policies at the same agency.

If I insure this rental with my current agent, I'll get this discount on the policy, even though the policy is held by my LLC. Will this discount be regarded as a no-no by the IRS?

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