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Can my self-directed IRA LLC accept a cash gift from sibling?
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
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Dmitriy Fomichenko
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No, your IRA owned LLC is not a charity and can not accept donations.