Solo 401k

Am I able to transfer ownership of my house to the solo 401k trust? 

September 12, 2023 | By Mark Nolan

No, the IRS rules do not allow for the transfer, sale or the exchange of property including real estate that you personally own to the solo 401k trust. Such a transaction would result in a prohibited transaction. To learn more about the prohibited transaction rules, see the following: https://www.mysolo401k.net/solo-401k/prohibited-transactions-solo-401k/

About Mark Nolan

Each day I speak with energetic entrepreneurs looking to take the plunge into a new venture and small business owners eager to take control of their retirement savings. I am passionate about helping others find their financial independence. Having worked for over 20 years with some of the top retirement account custodian and insurance companies I have a deep and extensive knowledge of the complexities of self-directed 401ks and IRAs as well as retirement plan regulations. Learn more about Mark Nolan and My Solo 401k Financial >>

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