IRA LLC rental

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  • rwm221
    Senior Member
    • Feb 2018
    • 106
    #1

    IRA LLC rental

    I have a client that has an IRA LLC Rental. Do I need to report the rental on her personal tax return or is everything handled within the IRA
    Tags: None
    • jmcdtax
      Member
      • Nov 2011
      • 74
      #2
      Need more information. Did the client receive a statement, a 1099, etc.?
      See Deluxe & Deluxe Supplement - Retirement, Social Security, and Medicare - (Page 13-8)
      [3] - What's New Tax Season - SECURE 2.0 Act - (Page 6-19)​

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        • RWG1950
          Senior Member
          • Nov 2017
          • 458
          #3
          Are you posting that your customer holds rental real estate that is held within his/her self directed IRA?
          If so, there is a lot of good information on this subject online. Try Investopedia.
          One would assume this is handled within the IRA with only taxable distributions appearing on the 1040.

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