How to Use an IRA to Fund a Business (2019) with Mark J Kohler & Mat Sorensen | Live Stream
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- Опубліковано 28 вер 2024
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Join Mark and Mat in an electrifying live stream as they reveal how to use an IRA to fund your business. Don't miss out on their expert tips and tricks in this dynamic session!
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At 30:00 Matt said that if I'm 59 1/2, I could pay myself a management fee from the LLC. If I were to do that, I'd have to pay taxes on that money. But since this was mainly about Roth IRA, I'm assuming this is a Roth -- just take it as a withdrawal from the IRA and it's tax FREE.
6000 per year for child. But if the child only makes $1000 then the max contribution that the parent can give is $1000.
I have a roth ira from Marriott and a 401 k that i need to roll into a self directed ira. Can i combine both to invest?
1900
$15000 for 2019 😎in form of a “gift “
If you took out money from your retirement to start a business, can you write off the penalty from early withdrawal as a business expense?
Please wear mics for every video, it's really hard to understand what you're saying and then the ads are killer on the ears ;)
Hi
Can i self direct custodian/utma accounts? Thanks
I'm excited about it...circulating this video..there should be millions of views here as oppose to a music video. I would love to learn this to teach it to others! Enjoying Mark's enthusiasm parallel to mine.
Does this channel respond question ? Can I put millions on Ira ...block it and sell it on ppp and put the interest on the Ira tax free ?
What a great presentation! Thanks
Can the IRA/LLC have a mortgage on that investment property?
Yeah but it has to be a non recourse loan
$6000 if the kids have earned income (and they do it) the parents cannot do it. Woot?
Omg I love you guys, you break everything down so well, I wish I would have use you mark to help me covert my IRA.. could I still use you as my lawyer?
Thank you for the kind words! I have a law firm with lawyers I've trained myself and are just as good as me. Send an email to jack@markjkohler.com and he can help you get connected with someone at my law firm who can answer any of your questions.
Can you borrow $50k from your account and your spouse borrow $50k from their account or can you borrow $50 from each of your Ira accounts?
Just watched the IRA into LLC video. I am a veteran and can get up to $200,000 to start a business. Can I use this to open the IRA in the LLC with intent to have the LLC do real estate and lend money?
2000
Answer to the question is: the lesser of $6,000 or his or her taxable earnings for the year
Unrelated Business Income Tax (UBIT)-When your SD IRA invests in a business, and that business produces a profit, that profit is taxable?
There is tax for investing profit?
I think you can just create a C Corp and hold off some tax liabilities as deferred in a way. I'm not a tax attorney.
Say an LLC is created by contributions from my IRA, my HSA, my 401(k), my spouse's IRA and my spouse's HSA, and then the LLC buys a rental or a business. A year goes by and the tax-sheltered accounts have more funds to invest. Can they contribute more money into the LLC? Do future contributions to the LLC have to be proportional to the original investments from each tax-shelter account?
The ownership proportion can't change and has to be based on the amount of money contributed. How about this way of doing it:
Each tax advantaged account (IRA, HSA, 401K etc) owns a SEPARATE SINGLE MEMBER LLC.
Then when you buy a property, you can allow 401k, LLC to own 25%, Husband IRA LLC to own 25%, Wife IRA LLC to own 25% and HSA LLC to own 25%.
Then when you buy the next property, those percentages can change.
Does international real estate count as well?
$12000 to a kid
If you use a Solo 401k to invest in an operational business, will the profits be subject to UBIT?
And in one of your examples, I am buying and selling event tickets (concerts & sporting). I was under the impression that I could not be directly involved in the day-to-day operations.
I watched one video. It said you can avoid unrelated business income tax if the entity is a corporation rather then a pass through.
@@koltoncrane3099 TAXED as a Corp? Or actual Corp?