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EP 4 - How to use an IRA/LLC or Checkbook IRA

Directed IRA Podcast

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Is There a Partnership Tax Return?

In a multi member llc, if you've got more than one owner, it's not a single member any more. The iris wants a partnership tax turn even if it's your ira and your spouse's ira. There is a tax eturn that'll have to be filed the ten 65 partnership return. We're always going to break up the ownership based on dollars invested everyone's coming in at the time of formation. And by the way, we do an open forum where we answer questions. It's always interesting to hear what other questions people have around the country.

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