IRA member guidance on K1's

Scott Reina on

Hello,

There is 1 member in our club that invested under his IRA. I'm assuming when i fill out the tax questionaire i should select his entity type as "nominee IRA" in the drop down.

Thanks in advance for your help,
Scott

ira smilovitz on

This is a question that should be directed to support, but I would ask you how did he manage to invest in the club within his IRA? What IRA custodian allowed the investment? Not that it's impossible/illegal, just not easy.

Ira Smilovitz

On Sat, Feb 22, 2014 at 11:50 PM, Scott Reina <scottmreina@gmail.com> wrote:

Hello,

There is 1 member in our club that invested under his IRA. I'm assuming when i fill out the tax questionaire i should select his entity type as "nominee IRA" in the drop down.

Thanks in advance for your help,
Scott

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