Madison Trust Company Q&AAnswer
Aug 25, 2022 - 01:32 PM
In order to take the raw land as a distribution in-kind from your IRA LLC, you will need to provide Madison Trust with the following items:
- Distribution Request Form
- Updated third-party certified value (such as an appraisal, letter from investment sponsor, or CPA certified valuation)
- A copy of a deed showing the change of ownership from the LLC to yourself personally
If you have any further questions, please call us or schedule a call with one of our IRA Specialists.
Madison Trust is a passive custodian and therefore, does not give legal, tax, or financial advice. Please consult with your tax advisor before making any investment decisions.
