Can I legally hold physical Bitcoin inside a checkbook-controlled LLC retirement account, and what are the steps to set up that structure?
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Fan-out diagram
The searches the AI actually ran for this prompt.
SEED QUERY
Can I legally hold physical Bitcoin inside a checkbook-controlled LLC retirement account, and what are the steps to set up that structure?
3 real searches · 1 real-search pass
IRS self-directed IRA LLC checkbook control prohibited transactions custody rules Bitcoin cryptocurrency IRA McNulty Tax CourtGoogle ↗
OBSERVED
IRS Notice 2014-21 virtual currency property IRA Bitcoin self directed IRA custodyGoogle ↗
OBSERVED
McNulty v Commissioner 157 T.C. 120 self directed IRA LLC personal possession assets opinionGoogle ↗
OBSERVED
Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.
Query classes
Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.
Classifying 3 queries…
Searches and sources
ChatGPT3 real searches · gpt-6
IRS self-directed IRA LLC checkbook control prohibited transactions custody rules Bitcoin cryptocurrency IRA McNulty Tax Court Google ↗
IRS Notice 2014-21 virtual currency property IRA Bitcoin self directed IRA custody Google ↗
McNulty v Commissioner 157 T.C. 120 self directed IRA LLC personal possession assets opinion Google ↗
- Frequently asked questions on virtual currency transactions · irs.gov
- Internal Revenue Bulletin: 2014-16 · irs.gov
- Internal Revenue Bulletin: 2023-19 · irs.gov
- 157 T.C. No. 10 · thetaxadviser.com
- 157 T.C. No. 10 (2021) — Andrew McNulty & Donna McNulty v. Commissioner · library.partnertax.ai
- Retirement topics - Prohibited transactions · irs.gov
- 26 U.S.C. § 4975: Tax on prohibited transactions · uscode.house.gov
- Publication 590-A (2025), Contributions to Individual Retirement Arrangements (IRAs) · irs.gov
Queries
3 queries · click a column to sort
| Query / type | Search | Intent | Query class | Routing format | Cluster | Freq ↓ | Weight |
|---|---|---|---|---|---|---|---|
IRS self-directed IRA LLC checkbook control prohibited transactions custody rules Bitcoin cryptocurrency IRA McNulty Tax Court OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 | |
IRS Notice 2014-21 virtual currency property IRA Bitcoin self directed IRA custody OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 | |
McNulty v Commissioner 157 T.C. 120 self directed IRA LLC personal possession assets opinion OBSERVED | Google ↗ AI Mode ↗ | — | — | — | — | 1x of 1 |