I have a self directed IRA. When it was opened, I was directed to open a LLC and associated LLC business checking account. The self directed IRA shows that I invested 100% to this LLC. All transactions for the property go through this business account and the proceeds get transferred back to my IRA. The property was under the LLC name and it has now been sold. The proceeds from the sale will get transferred to the self directed IRA. I'll get a 1099-S using the tax ID for this LLC, but I'm not sure if I need to do anything with it next year. I do not file a tax return for the LLC because all proceeds have to route back to the IRA.