Checkbook IRA / LLC IRA
Gold IRA Glossary
An arrangement where a self-directed IRA owns a limited liability company that the account holder manages directly. Some promoters have marketed this structure as a way to store IRA metals at home, but the IRS treats personal possession of IRA metals as a taxable distribution, and courts have upheld that position. Most Gold IRA investors use a standard custodian and depository instead.
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