Related question for @DavidS127 : I have a C-Corp owned by my self directed IRA. If I transfer an asset (share in Limited Partnership) from the C-Corp to the parent IRA, and it is worth more than 65% of the total value of the C-Corp, what are the tax implications I need to worry about? If I say Yes to #17 in Form 1120, what are the ramifications?
Is a transfer of the LP share to the parent (100%) stock holder, considered disposing of the asset?
Please note the entity getting the asset is a tax-deferred entity (IRA).
Thank you.
