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Jacke Draper
  • Portland, OR
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Solo 401k - Self Dealing after 59 1/2 yrs

Jacke Draper
  • Portland, OR
Posted

I am considering buying property using an LLC (which has my solo 401k as a 25% member) and keep it as a rental. I would keep the expenses split 75/25% subject to the rules of the solo 401k. However, when I reach 60, can I sell the property to another LLC that I own and live in the property?

I appreciate this would be a prohibitive transaction prior to 59 1/2 yrs, but wasn't sure of the rules afterwards?

Thanks Jackie

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Dmitriy Fomichenko#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
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Dmitriy Fomichenko#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

@Jacke Draper

self dealing is not allowed regardless of the age.

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