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Solo 401K , Uber Driver with Series LLC (Rentals)
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3 Replies
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My wife and I own multiple rental properties in a 50/50 Partnership – Series LLC. Our sons (19 and 21) are the only employees working part time, less than 500h each, in the rentals. They receive W2 from the LLC.
I am not longer a W2. Started as Uber Driver, so for 2025 I expect to file some small income in the Schedule C.
Would I qualify to Open a Solo 401k? The plan is to rollover my 401k from the previous employer into the Solo 401k and create a Rental portfolio in it.
If I qualify to open the Solo 401k, could my wife be added to the Solo 401k? Even if she is not a self-employee.
Thanks,
Phil M
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If you are a contractor, you can open a solo 401k. However, in order for your spouse to open a solo 401k, she needs to also be a contractor, resulting in opening her own separate solo 401k.
mysolo401k.net
Solo 401k - My Solo 401k Financial
My Solo 401k Financial offers self-directed Solo 401k, IRA LLC & ROBS 401K Retirement Plans. Learn about Solo 401k
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If someone is in a similar situation, these questions were answered in the following daily discussion.
https://streamyard.com/watch/BBy298azQhxp
streamyard.com
Big Beautiful Bill Passed: Now Is the Time to Open a Mega Backdoor Roth Solo 401k
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