Can I fund My Self-Directed IRA LLC with Additional IRA Funds?

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June 19th, 2012

In general, most IRA custodians allow for individual IRA holders to make additional contributions to their already established self-directed IRA LLC structure.  The logic behind this is quite clear once you have rules the rules under Internal Revenue Code Section 4975.  Since the self-directed IRA LLC is wholly owned by IRAs, making additional IRA contributions to the self-directed IRA LLC structure would not trigger any prohibited transaction rules since their would be no opportunity for a self-dealing or conflict of interest transaction since no direct or indirect personal benefit would occur.  Furthermore,  the only benefit an IRA holder would be receiving from the additional contribution of the IRA is as a beneficiary of the IRA, which is exempted from the prohibited transaction rules pursuant to Code Section 4975(d)(9).

For further information on the tax issues concerning the establishment and operation of a self-directed IRA LLC, please contact a self-directed IRA expert at 800-472-0646 or visit us at www.irafinancialgroup.com

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