I don't think it necessarily works that way. You contribute illiquid llc units to the ira. The value of the contribution is up to you since it is not traded. Yo

I don't think it necessarily works that way. You contribute illiquid llc units to the ira. The value of the contribution is up to you since it is not traded. You distribute taxable income to the ira through the llc, but no actual cash needs to be distributed. There is no cap on the amount of income you can distribute because it is return on capital, not new contribution therefore not suject to the contribution limit. The actual cash is still in the llc under your control.