K-1 statement question from Private-equity investment

[Selina Y.]

I received a K-1 Statement for Solo 401K investment into a Senior Assisted Living:

I1 What type of entity is this partner? says IRA.

– Should “IRA” be changed to “401K”?

I2 is filled out correct. If this partner is a retirement plan (IRA/SEP/Keogh/etc.), checked X

Selina Y.

513-400-5501 Investor, Private Equity, Notes, Commercial Real Estate, Mineral Rights

Contact

[Mark Nolan]

I1 is not always filled in if 12 is checked off. If they do fill it in, then it should read retirement account or 401k. Ultimately what matters from a big picture is that the EIN for the solo 401k is used and the correct plan name is listed in the information about the partners section.

See the following page for guidance. https://www.mysolo401k.net/solo-401k/received-schedule-k-1-form-1065-for-self-directed-solo-401k-investment-what-do-i-do-with-it/

Mark Nolan

Compliance Officer

Contact

1-800-489-7571 www.mysolo401k.net

[Selina Y.]

Thanks Mark. I had visited the page referenced. The example was blank – hence the question. I will get a K-1 revised

Selina Y.

513-400-5501 Investor, Private Equity, Notes, Commercial Real Estate, Mineral Rights

Contact