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Updated almost 11 years ago,

User Stats

68
Posts
30
Votes
Cory Adams
  • Investor
  • Tampa Florida
30
Votes |
68
Posts

Prohibited Transactions and SD 401k

Cory Adams
  • Investor
  • Tampa Florida
Posted

I have a question relating to rehabbing properties purchased with an SD 401k vehicle. My father in law is a GC and has a license. Could the SD 401k hire him to do work on a property owned by the SD 401k with being considered prohibited?

Second question is can you do minor work on a property held by your SD401k? I realize that all items for the rehab work clearly need to come from the SD401k and that I would not be paid for any time and expenses for such an endeavor.

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