Investment Property proceeds

[Jason Mcbride]

I currently own a SFR property in California. I am considering selling and reinvesting while using a 1031 exchange. Is it possible to get the proceeds from the sale into a solo 401k instead of using the 1031? What would be the pros and cons?

Jason Mcbride

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[George Blower]

@JasonMcBride

Jason McBride

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Thank you for posting your question!

1) This confirms that you can’t contribute, deposit or otherwise use into or via your Solo 401k the proceeds of real estate owned personally (whether sold via a 1031 exchange or otherwise).

2) Please also note that a 1031 exchange does not apply to investments made via your Solo 401k since Solo 401k investments are made on a tax-deferred basis.

George Blower

My Solo 401k Financial

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8004897571 mysolo401k.net