"How to" Guide - Open a Coinbase Bitcoin Account for Self-Directed IRA LLC Full Video link Below

[@danchatka8613]

Thank you for being a down to earth, clear communicator. I'd been listening to a similar channel "Mat Sorensen", which was constantly confusing and annoying. I hope more people find your *GREAT* channel.

[@mysolo401kfinancial3]

Thank you for the positive feedback!

[@blplovinglife3131]

FABULOUS INFORMATION!!!

[@mysolo401kfinancial3]

Thank for the positive feedback!

[@bioquest1]

Can I use my established EIN that’s used for my business to set up a self-directed IRA LLC?

[@mysolo401kfinancial3]

Thank you for your question. Please see response posted on our My Community site: mysolo401k.net/mycommunity/forums/discussion/can-i-use-my-business-ein-to-set-up-a-self-directed-ira-llc/

[@mysolo401kfinancial3]

Please join My Community to participate & ask questions (it's free! all are welcome!): mysolo401k.net/mycommunity/wp-login.php

[@jameswilkinson8027]

I have a piece of property in my SDIRA LLC. Can I sell it for crypto or do I have to sell for cash, then purchase crypto? Property and Coinbase account both held in the LLC.

[@mysolo401kfinancial3]

Please see response posted in our My Community: mysolo401k.net/mycommunity/forums/discussion/youtube-qa-can-i-sell-real-estate-in-my-ira-llc-for-crypto/

[@mysolo401kfinancial3]

Please join (it is free) mysolo401k.net/mycommunity/wp-login.php

[@filmboxhd2837]

How long does it take to get decision it’s been more than 3 months for me no answer. And I’m contact CS they just saying we transferring your question to the business department. Then never got anything from them… so bad

[@mysolo401kfinancial3]

Based on customer feedback, ErisX is opening the accounts in about 1 week. See more here: www.mysolo401k.net/erisx-review-how-to-invest-a-self-directed-ira-llc-in-cryptocurrency-with-erisx/

[@mysolo401kfinancial3]

COINBASE UPDATED THEIR APPLICATION - see updated slides: www.mysolo401k.net/coinbase-bitcoin-self-directed-solo-401k-investment/

[@davidgrimes204]

Do I need a separate (new) email from my personal account?

[@mysolo401kfinancial3]

It is acceptable from an IRA LLC perspective to use your personal email.

[@HigherThinkersClub]

Can this same process be done with a Self-Directed ROTH IDA?

[@mysolo401kfinancial3]

Yes this process can be followed to invest funds in a Roth IRA

[@sudhirtalupula]

Does the LLC need to file taxes every year?

[@mysolo401kfinancial3]

(1) If the LLC is owned by your one IRA, it will be considered a disregarded entity for federal tax purposes (and therefore not have to file taxes with the IRS). (2) The LLC may still need to file a tax return in your state (e.g. franchise tax form in California). (3) The LLC will likely need to file an annual report with the Secretary of State.

[@myhouse-yourhouse]

@@mysolo401kfinancial3 does solo 401 k LLC need follow those rules like IRA LLC?

[@mysolo401kfinancial3]

Many of the same concepts apply including opening the account in the name and EIN of the LLC owned by your Solo 401k

[@myhouse-yourhouse]

@@mysolo401kfinancial3 George, thank you very much for your reply. In Texas, I am not aware (3), but (2). Please advice.

[@mysolo401kfinancial3]

We understand that in Texas an LLC with revenue below a certain threshold is exempt from the franchise tax; however, even if the franchise tax is not owed, there is still an obligation to file a "no franchise tax due" report. See more here: comptroller.texas.gov/taxes/franchise/forms/2020-franchise.php Please check with your local tax advisor regarding the local filing requirements.

[@MrS1ava]

Thanks for the video. Just adding the link from the video for the form here: institutional.coinbase.com/institutional-interest/s/

[@mysolo401kfinancial3]

Thanks for sharing!