Your company helped us create 2 IRA LLCs. One contains my IRA, My Roth, My Husband’s IRA and Roth for a total 0f 4 members. %'s are not equal. We purchased a rental house then sold it for a great profit 6 years later. Now the money is invested in TBills. My husband turned 73 this year & he needs to take a RMD. I am only 66. My question is: Can we do a book entry for the RMD reducing his IRA % without having to distribute any cash, so his account would take an In Kind distribution?? (so he gets taxed) and the other accounts would increase in %s.
I am trying not to have to distribute cash out of the IRA LLC to Forge Trust pension administrator (his % is 23.81%-I assume they would cut him a check and issue a 1099) but the other 3 accts, (my IRA at 44.67%, & both Roth IRAs 17.4% & 14.12% would also have to transfer money back to Forge and that money would just sit at Forge and not be available in the Self Directed IRA LLC for future real estate purchases. Any help you can give me would be appreciated.