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Forums Solo 401k Real Estate Investments FMV of Real Estate in a Solo 401K

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  • FMV of Real Estate in a Solo 401K

    1 Reply
  • Top SubjectSolo 401k,Solo 401k Contributions
    Top ForumsSolo 401k, Solo 401k Contributions

    Bill A.
    Top SubjectSolo 401k,Solo 401k Contributions

    March 28, 2022 at 2:53 pm

    I understand the IRS is looking more intently at FMV of real estate assets held in a Solo 401K especially if an RMD is required. Within my Solo 401K I plan to invest in a LLC that owns/operates an apartment and I am of the age where RMD is required. The operator of the LLC uses cost basis/distributions to arrive at FMV, yet I read elsewhere that is not sufficient, that full third party appraisal is required annually. What are the IRS rules/regs regarding establishing FMV? Am I at a higher risk of an audit using the FMV that is based on cost basis/distributions?

    Bill A.
  • Mark Nolan

    Top SubjectSolo 401k,Solo 401k Contributions
    Top ForumsSolo 401k, Solo 401k Contributions

    Mark Nolan

    Mark Nolan

    Top SubjectSolo 401k,Solo 401k Contributions

    March 28, 2022 at 9:05 pm

    What percentage of the LLC does your solo 401k own?

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