Lessons from McNulty Case (hint: precious metals within IRA-owned LLC = trouble!)
Recent News, Self Directed IRA, TaxYesterday, the US Tax Court released their ruling in the case of McNulty vs. Commissioner of IRS (157 T.C. No. 10, November 18, 2021). In short, it wasn’t pretty for a husband and wife who had two self-directed IRAs and IRA-owned LLCs and used those IRA/LLCs to hold precious metals (e.g., American Eagle coins) in a safe at … Continue reading Lessons from McNulty Case (hint: precious metals within IRA-owned LLC = trouble!)
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