FAQs: IRA, SEP IRA, or Keogh Plan

1. If I have borrowed from my own IRA, SEP IRA or Keogh plan, do I report this loan as a liability in Schedule C, Part I?

No. You do not report this loan from your own IRA, SEP IRA or Keogh plan in Schedule C, Part I.

2. What if my spouse has borrowed from my spouse’s own IRA, SEP IRA or Keogh plan, do I report this loan in Schedule C, Part I?

No. You do not report this loan from your spouse’s own IRA, SEP IRA or Keogh plan in Schedule C, Part I. 

 

This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.

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