# What happens AFTER creating a DirectedIRA and KKOS legal entity?

**URL:** <https://discussion.mainstreetbusinesspodcast.com/t/what-happens-after-creating-a-directedira-and-kkos-legal-entity/425>\
**Category:** Retirement Accounts and Strategies\
**Created:** [March 12, 2024, 8:46pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/what-happens-after-creating-a-directedira-and-kkos-legal-entity/425 "2024-03-12T20:46:52Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Kwokstein](https://avatars.discourse-cdn.com/v4/letter/k/7cd45c/32.png) [@Kwokstein](https://discussion.mainstreetbusinesspodcast.com/u/Kwokstein)\
**Post date:** [March 12, 2024, 8:46pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/what-happens-after-creating-a-directedira-and-kkos-legal-entity/425/1 "2024-03-12T20:46:52Z")

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Based on your videos, I’ve gone ahead to use KKOS to create a new LLC and DirectedIRA to allocate $80k of my Roth IRA funds into the new entity. Through this new entity, I’ve been able to trade crypto and have significantly increased the value of the account to $207k:

My question is the following:

1. From June 6, 2023 when the company was formed to the end of the first tax year on December 31, 2023, I took an initial $80k of Roth IRA funds from TD Ameritrade and I increased the value to $103,571. Do I need to do any tax filings for this newly created corporate?
2. If I need to do an annual tax filing, which form do I need to fill out? Do I need to report each of my trades or can I just report the current book value of the trades that I am still in?

I have watched many of your videos as a subscriber but it is not clear what I need to do AFTER I’ve created the self-directed IRA and what my reporting obligations are after creating the new LLC. If this has been covered in one of your videos, can you send me a link to that video?

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**Author:** ![system](https://us1.discourse-cdn.com/flex046/uploads/msbpod_openforum/original/1X/42f4af5f452c22dd6feece9c5b47d6a5185fa706.png) [@system](https://discussion.mainstreetbusinesspodcast.com/u/system)\
**Post date:** [March 27, 2024, 7:24pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/what-happens-after-creating-a-directedira-and-kkos-legal-entity/425/2 "2024-03-27T19:24:19Z")

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Thank you so much for submitting this question. We answered it on today’s show, recorded 3/27/24. Please check it out there and please share with your friends, family and associates if you can. Thanks again!! Mark and Mat