In this week’s episode, IRA Financial’s Adam Bergman Esq. answers questions about contributing to a SEP and SIMPLE IRA in the same year, storing IRA-owned coins and tax filing when selling an IRA-owned property.
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*Question 1 from YouTube: Can you contribute to a SIMPLE IRA and a SEP IRA in the same year?

*Question 2 from Aaron, H in Great Neck, NY: If I were to purchase gold and silver coins with my Roth IRA, would I have to pay for storage or can I store them myself in my home?

*Question 3 from YouTube: In October of 2020, I sold two rental properties that were in my Self-directed IRA LLC and at closing I received 1099s made out to my LLC. Should I fill out a W9 or any other IRS forms concerning this transaction? Thanks for all the great videos.

Have a question for Adam? Send it to us! abergman@irafinancial.com
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About IRA Financial:

IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(K) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.

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