Exit Strategies Solo 401K

[William Tong]

I own a Solo 401K which is the sole owner of an LLC which owns 100% of 2 additional LLC's, each holding a small strip mall. I am 2 years from RMD. I want to keep the strips because they throw off considerable income. My plan was to get one of the strips appraised then start taking a percentage of the LLC out each year depending on the RMD calculation and just pay the tax on that value. My question is has anyone done this before or has knowledge about the process and legality? I have owned this Solo 401K for more than 20 years. Thanks for your help.