Please check out this good question from our Daily Live Zoom call. Subscribe to our YouTube Channel to get notifications of our Daily FAQs.
ROBS 401K FAQ: I am looking to use a ROBS 401K to start a new car wash. I already own real restate inside my self-directed IRA. Can I use this real estate to start the car wash?
Response:
No – you can’t transfer real estate from your self-directed IRA to the ROBS 401k and then transfer this real estate to the ROBS C-corporation for use in the business operations.
To learn more about how to fund your business tax and penalty-free via our ROBS 401K Business Financing plan, click here: https://www.mysolo401k.net/401k-business-financing/
