Guest dkb1955 Posted November 1, 2000 Posted November 1, 2000 Is the only qualified owner of an IRA an individual personally? If the funds used to create an IRA or a Roth IRA came from a trust classified as a "grantor trust", would the trust be treated as the owner? I am aware this type of trust can be the beneficiary. This question is on the technical side of distinguishing the owner from the beneficiary.
BPickerCPA Posted November 1, 2000 Posted November 1, 2000 Only an individual can own an IRA. A revocable trust cannot be the owner. Barry Picker, CPA/PFS, CFP New York, NY www.BPickerCPA.com
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