Solo 401k
I have a friend who purchased a home in 2020 with his401k solo money. This year he transferred it from his solo trust to family trust using after tax money making 401k whole again. Any concerns?
I have a friend who purchased a home in 2020 with his401k solo money. This year he transferred it from his solo trust to family trust using after tax money making 401k whole again. Any concerns?
Permalink Submitted by Alan - IRA critic on Tue, 2021-12-21 22:16
Sounds like there could be one or more prohibited transactions here that could disqualify the plan.