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September 13, 2024
Question

Self Directed Roth IRA LLC getting paid instead of me personally

  • September 13, 2024
  • 1 reply
  • 0 views

I have a SD Roth IRA LLC and a friend (not related to me in any way)  who wants to give me a check as a gift ($500.00), can I have the friend write the check to the SD roth IRA LLC or is that consider disqualified / illegal to do?

1 reply

Employee
September 13, 2024

If you want to deposit money into your IRA, it is best you do that yourself, assuming you are eligible to make contributions (you have compensation from working, you are not disqualified for some other reason, etc.)