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Marvin,EA, Enrolled Agent
Category: Tax
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Experience:  Enrolled to Represent Taxpayers Before The IRS
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Can IRAs buy stock in s corporations

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Can IRAs buy stock in "s" corporations?
Hello and thanks you for using Just Answer. Corporations, partnership, LLCs, LLP, nonresident (unless the stock is held as a nominee for an individual treated as the shareholder), LLCs, LLPs, nonresident aliens and IRAs are ineligible to be shareholders in a S corporation.
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