ForumsSolo 401kFunding an LLC which owns real estate

Forums Solo 401k Funding an LLC which owns real estate

  • Funding an LLC which owns real estate

    1 Reply
  • Top SubjectReal Estate Investments,Solo 401k – 5500-EZ
    Top ForumsReal Estate Investments, Solo 401k – 5500-EZ

    Mike Grossman
    Top SubjectReal Estate Investments,Solo 401k – 5500-EZ

    October 14, 2021 at 6:46 am

    Under IRC 4975, it states that prohibited transaction includes the sale or exchange, or leasing, of any property between a plan and a disqualified person.

    If a disqualified person owned interest in an llc, is it possible for the plan affiliated with the disqualified person to purchase 100% of the interest from the disqualified person?

    Would IRC 4975 apply to both a solo401k and a traditional or Roth IRA?

    Mike Grossman
  • Mark Nolan

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

    Mark Nolan

    Mark Nolan

    Top SubjectSolo 401k,Solo 401k Contributions

    October 14, 2021 at 11:17 am

    1. Yes, it would still be prohibited because the rules apply both directly and indirectly.

    2. Yes.

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