How Do You Value Real Estate for 5500-EZ $250K Filing Requirement?

A Form 5500-EZ must be FILED by July 31 of the year following the year in which the total value of the Solo 401k reached $250,000 or more as of December 31 of the prior year. For example if the value of the solo 401k plan was $250,000 as of December 31, 2015, a Form 5500-EZ must be filed with the IRS by July 31, 2016.

If the solo 401k plan holds real estate, the value of each property will need to be based on other properties in the area (real estate comps), or a third-party appraisal can be obtained.

To learn more about the solo 401k annual deadlines, CLICK HERE.