Question 1

What is a Self-Directed IRA LLC?

Accepted Answer

A Self-Directed IRA LLC is a limited liability company that is owned by a self-directed IRA and managed by the IRA owner. The IRA custodian directs retirement funds into the LLC, and the LLC manager (you) can then transact directly from an LLC checking account — often called 'checkbook control.'

Question 2

Can I use an IRA LLC to invest in cryptocurrency?

Accepted Answer

A properly structured IRA LLC can be used to hold cryptocurrency as an investment within a self-directed retirement account. SDIRACrypto.com forms the LLC structure; you select the cryptocurrency investments and service providers.

Question 3

What is checkbook control?

Accepted Answer

Checkbook control means the IRA-owned LLC has its own checking account and the LLC manager (you) can write checks or authorize transactions directly, without obtaining prior approval from the IRA custodian for each transaction.

Question 4

What is a Bitcoin Self-Directed IRA?

Accepted Answer

A Bitcoin self-directed IRA is simply a self-directed IRA that holds Bitcoin (or other cryptocurrency) as an investment. When structured through an IRA-owned LLC, the LLC manager can direct Bitcoin transactions directly. SDIRACrypto.com forms the LLC structure only — we do not sell or recommend Bitcoin or any cryptocurrency.

Question 5

What does the $1,495 formation fee include?

Accepted Answer

The fee includes IRA LLC formation, EIN acquisition, a customized operating agreement, coordination with your selected self-directed IRA custodian, and implementation guidance. Applicable state filing fees are additional and vary by state.

Question 6

Do you sell cryptocurrency or manage my investments?

Accepted Answer

No. SDIRACrypto.com does not sell cryptocurrency, recommend cryptocurrencies or tokens, provide investment advice, manage client assets, take custody of cryptocurrency, hold wallet private keys, or execute cryptocurrency transactions. Clients select their own investments and service providers.

Question 7

Do I need a self-directed IRA custodian?

Accepted Answer

Yes. A self-directed IRA custodian administers the IRA and holds the retirement assets. We coordinate with the custodian you select to direct IRA funds into the LLC. We are not a custodian.

Question 8

Can I transfer funds from an existing IRA or 401(k)?

Accepted Answer

Funds from existing retirement accounts — such as a traditional IRA, Roth IRA, SEP IRA, or a former employer's 401(k) — can often be transferred or rolled over to a self-directed IRA custodian. The custodian then directs the funds into the IRA-owned LLC. You should consult a qualified tax professional regarding your specific situation.

Question 9

Who controls the LLC checking account and wallet?

Accepted Answer

You do. As manager of the IRA-owned LLC, you control the LLC's checking account and any cryptocurrency account or wallet opened in the LLC's name. SDIRACrypto.com does not access, control, or hold your accounts or private keys.

Question 10

Is investing in cryptocurrency safe?

Accepted Answer

Cryptocurrency is a volatile and speculative asset class. Investments can lose value rapidly and entirely, and are not insured. We do not represent that cryptocurrency investments are safe, profitable, appropriate, or recommended. This is an educational website, not investment advice.

Question 11

Are there prohibited transactions I should know about?

Accepted Answer

Yes. IRS rules prohibit certain transactions within an IRA, including transactions between the IRA and disqualified persons (such as the IRA owner, certain family members, and entities they control). Engaging in a prohibited transaction can result in adverse tax consequences. You should consult qualified legal and tax professionals regarding these rules.

Question 12

Is this legal or tax advice?

Accepted Answer

No. The information on this website is for educational purposes only and is not legal, tax, or investment advice. You should consult qualified legal and tax professionals regarding your specific circumstances before establishing an IRA LLC or investing in cryptocurrency.

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