Rollover as Business Startup (ROBS 401k) – Can I transfer my leased vehicle to my ROBS business?
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ROBS 401k FAQ: Buying Truck for Business
I am using a ROBS 401k to start an RV-towing business. I need to purchase a truck with a large towing capacity. Can I lease the vehicle in my own name and then transfer the vehicle to the C-corporation later?
No – you can’t transfer a vehicle that you own personally, and which vehicle is subject to financing to the C-corporation that is funded with your retirement funds. Instead, the C-corporation would need to buy or lease the vehicle.