On Robin Emery’s question about one member of a multi-member IRA LLC needing to take an RMD, you offered three options. Could a fourth option be for that member’s IRA to simply do a conversion to Roth for his share, instead of taking an RMD? If not, why not? In the situation of a multi-member IRA LLC, what would be the last possible date for a member facing an RMD in the future to do such a conversion?
Covered this on the Directed IRA Podcast show today, November 13. Please get over to that show to hear our response. Thank you!! Mark and Mat. It will be live in the next 3-4 days.