IrC13(PEt3), is readily converted to IrHC12(CO)(PEt3)2 by treatment with carbon monoxide in hot acetone, ethanol, or 2-methoxyethanol. Perchlorate, tetrafluoroborate, and tetraphenylborate salts containing the [IrC12(CO)(PEt3)3]+ cation have been prepared, but attempts to obtain salts containing the [IrHCI(CO)(PEt,),]+ cation give only the neutral hydride, IrHC12(CO)(PEt3),. The reactions of [IrC12(CO)(PEt3)3]+ with ethanol, water, lithium aluminum hydride, aqueous potassium chloride solution, and sodium alkoxides are described.