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Updated about 9 years ago on . Most recent reply presented by

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Gina Cresse
  • Software engineer
  • Acton, CA
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Can my self-directed IRA LLC accept a cash gift from sibling?

Gina Cresse
  • Software engineer
  • Acton, CA
Posted

I understand my self-directed IRA LLC cannot accept a non-recourse loan from a parent, but it looks like it can accept one from a sibling. What if a sibling wants to donate a gift of cash to my LLC? Is that allowed?

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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

No, your IRA owned LLC is not a charity and can not accept donations.

  • Dmitriy Fomichenko
  • (949) 228-9393
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