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Ah, thanks, that helped locate some relevant search results! For those following along at home, the accounting term seems to be [[ Rollovers as Business Startu

Ah, thanks, that helped locate some relevant search results! For those following along at home, the accounting term seems to be [[ Rollovers as Business Startups (ROBS) ]]. The IRS website has some unusually direct guidance[1][2] on tax compliance risks associated with ROBS. [1] https://www.irs.gov/retirement-plans/rollovers-as-business-start-ups-compliance-project https://www.irs.gov/retirement-plans/rollovers-as-business-s... [2] https://www.irs.gov/pub/irs-tege/robs_guidelines.pdf https://www.irs.gov/pub/irs-tege/robs_guidelines.pdf

ChrisMarshallNY 4y ago
Yes, that’s it. It’s a really good idea to use a company that specializes in this stuff. They take care of all the accounting and legal stuff. My own accountant won’t touch that stuff.
xhrpost 4y ago
First I've heard of ROBS, thanks for posting. I would have assumed OP was talking about a Self Directed IRA, which is an interesting account that can do a lot more than hold securities. From my understanding your IRA can at that point own an LLC which then might hold other assets like actual real-estate.