Tag Archives: prohibited transactions

Regulations
Solo 401k

Prohibited to Use Solo 401k Funds as Security for a Personal Loan

June 10, 2022 | By Mark Nolan

The Internal Revenue Code (IRC) contains regulations including the prohibited transaction rules that apply to self-directed solo 401k plans. Violation of the prohibited transaction rules will result in taxes and penalties. The prohibited transaction rules are found in IRC Sec. 4975. One of the rules found in IRC Sec. 4975 is use of solo 401k […]

Regulations

Solo 401k for Patent Investment

October 21, 2020 | By Mark Nolan

Investing a solo 401k in patents does not appear to be a disallowed investment as referenced below; however, it is prohibited to invest your solo 401k in a patent that you (the solo 401k account holder/participant) is developing because you are considered a disqualified party. See below for more on disqualified parties. However, if the […]

IRA LLC

IRA LLC Owned Real Estate In-Kind Distribution Rules

June 20, 2020 | By Mark Nolan

Just like the IRA LLC rules allow for the distribution of cash, the same is true for the distribution of alternative investments owned by the IRA LLC. Alternative investments allowed in an IRA LLC include promissory notes, metals, tax liens, cryptocurrency, private placements and physical real estate, for example. For this post, we will address […]

Solo 401k

A Primer on Self-Directed Solo 401k Prohibited Transactions

February 1, 2017 | By Mark Nolan

A Primer on Self-Directed Solo 401k Prohibited Transactions Investors like to open self-directed solo 401k plans because they want to diversify away from traditional investments (e.g., mutual funds, bonds, and stocks) and start investing in alternative investments such as real estate, private equity, promissory notes, tax liens and metals. Investors invest their solo 401k funds […]

Solo 401k

Individual 401k Compensation Question: Can a Solo 401k Trustee receive compensation from the Solo 401k plan?

December 21, 2016 | By George Blower

Question: My wife and I have a Solo 401k that is invested in a rental property.  The house that is in the trust has a positive cash flow of $550.00 per month. Each month we put aside $100.00 for future maintenance and repair costs, along with payments to our property manager.  Could you please tell me […]

Solo 401k

Self-Directed 401k Checkbook Control Do’s and Don’ts

October 21, 2014 | By Mark Nolan

While a Self-Directed 401k with checkbook control is not required in order to gain access to investing in alternative investments such as real estate, precious metals, trust deeds, tax liens, private company shares (passively only) and even foreign real estate in places such as China, Italy, Greece, Mexico, Costa Rica, Canada, India, etc., if you […]

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