SDIRA in my checkbook control LLC

[Anthony Morrow]

I have a SDIRA checkbook LLC and I invested funds in this account to a syndicated investment to become a junior investor. My investment originally was schedule to pay my principle back and first installment of gain within 4 years. That was 6 years ago after delays in the initial development of the land. My question is do I continue to report this every tax year to my SDIRA custodian as investment in progress? The syndication sends me updates on the status of the syndication development. I am growing tired of only getting reports of delays in the development from the syndication. I want to close this SDIRA and take a distribution but I have half the original tied into this Syndication investment which means instead of have $350K I only have $150K in cash. Can I request distribution on the cash value of this SDIRA and leave the balance which is still tied up with the syndicated investment?

[J Zev J.]

Hi @Anthony Morrow - Maybe @Dmitriy Fomichenko can help you out. He seems to be an expert with SDIRAs.