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hi there Welcome to our gold investment video series in todayamp;#39;s video weamp;#39;ll discuss a question we received from a follower does my self-directed IRA need an EIN letamp;#39;s break down what you need to know about employer identification number or Ein self-directed IRAs provide investors with greater flexibility allowing diversification through alternative Investments like real estate precious metals or cryptocurrencies but do they require an EIN an EIN is an 8-digit code assigned by the IRS to identify businesses and other entities for tax purposes so when does a self-directed IRA need one when does a self-directed IRA need an EIN most self-directed IRAs do not need an EIN but there are exceptions checkbook control if your IRA owns an LLC an EIN may be necessary you B TI if your IRA generates unrelated business taxable income acquiring an EIN may be required trust owned Ira if you structure your IRA as a trust an EIN will be needed if your self-directed IRA meets these