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RE: How to Setup a Self-Directed Traditional or Roth IRA For Cryptotoken Investments

in #financial9 years ago

Yes. You don't pay yourself a salary from a company that is owned by prohibited persons if the total control / stock of the company of their combined stake is more than 50%.

Didn't I say that in my comment ;).

Also, you'll note that the article you linked to is an example where the IRA LLC owns more than 50% of the company in question when the IRS took them to court.

Your comment only gives an example of people not following the rules, being caught, and subsequently prosecuted.

I don't think what you're saying really applies here ...