Glen Zucker is opening a new trendy restaurant in the Calabasas shopping center. He owns a self-directed

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Glen Zucker is opening a new trendy restaurant in the Calabasas shopping center. He owns a self-directed Individual Retirement Account (“IRA”) and would like to liquidate stocks from his IRA and use up to $300,000 from his IRA account to have the IRA invest in the new restaurant business. What are the tax implications if an IRA invests in a partnership that owns and operates a restaurant? Please cite administrative regulation, ruling or court case.

Posted Date: Nov 22, 2021 04:52 AM

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Glen Zucker is opening a new trendy restaurant in the Calabasas shopping center. He owns a self-directed

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If your IRA is investing in the stock of a C Corporation then UBIT is not a concern The business inc... View the full answer

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