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Tax, SDIRAs & Cost Segregation

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Gene Mitchell
  • Flower Mound, TX
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Self Directed Checkbook LLC IRA 1099-DIV forms

Gene Mitchell
  • Flower Mound, TX
Posted Mar 20 2015, 12:46

I have a self directed "checkbook" LLC IRA. The LLC has a bank savings/checking account as well as a brokerage account to hold funds until they are needed for an alternative investment. The LLC received a 1099-int from the bank as well as a 1099-DIV from the brokerage. According to the custodian, Provident Trust, these 1099s must be addressed on my personal tax return, even though they are for the LLC IRA and no tax would be due. Does anyone know how to do this? TurboTax is no help, and the IRS hotline rep was also no help.

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