Hello,
I made an investment using my Traditional IRA, via custodian, into real estate residential rentals. A special type of LLC was created (check book) for it.
There is more info:
https://www.theentrustgroup.com/investments/private-placements-llcs/checkbook-control
I guess, in this case, it's referred as "Self-directed IRA".
Here it says that this type of business is exempt from UBIT tax:
https://sdirahandbook.com/ubit-udfi-taxes/ubit-tax-and-self-directed-iras-3-key-[product key removed...
I know that the custodian company reports to IRS current value of the properties.
My questions is - is there something must be done from my part with tax reporting?
I mean, ok, if I am exempt, should I still file something?
Thank you!
