Guest ERISA_kid Posted December 30, 2004 Posted December 30, 2004 I would like to get some opinions on this situation. Wife owns 25% interest in an LLC. Wife's Parents own a 50% interest in same LLC. Husband's IRA would like to purchase a 20% interest in this LLC. Under 4975, the stockholdings of Wife are clearly attributed to Husband for purposes of determining whether the LLC is treated as a "disqualified person". However, I'm not sure whether the stockholdings of Wife's Parents are also attributed to Husband. I would greatly appreciate any insight that anyone can provide.
mbozek Posted December 31, 2004 Posted December 31, 2004 See IRC 4975(e)(6) for definition of family member attribution under the PT rules. mjb
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