No, there is nothing you can do to reduce the taxation of the distribution from your IRA. As you mentioned, there is a way to invest IRA funds in a business. It's not a simple process and very specific steps must be taken, but it can't be done after the fact. You're stuck paying the tax on your IRA withdrawal.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
