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Updated over 7 years ago on . Most recent reply
Can a Rental Building LLC have a Individual 401k ?
I own & manage a Rental Office Building & have a LLC to manage all related affairs.
Can my LLC open a Individual 401k for retirement savings ??
Thanks
Most Popular Reply

Dmitriy Fomichenko
#1 New Member Introductions Contributor
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Nisha,
you have to have business with "earned income" in order to qualify for a Solo 401k plan. Rental income is considered passive, so if that is the only income your LLC generates then it would not be an active business, just holding entity.
- Dmitriy Fomichenko
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