Writing of expenses related to Real Estate Solo 401K
Hi everyone.
I am wrapping up a trip looking for a house to buy with a Solo 401K, to rent out. It will probably take me another two trips to finally get set up with one I like, as well as lining up the property manager, etc. I travel cheap, but each trip will still cost me $500-800. I understand the basics of prohibited transactions, but it still seems as though these travel expenses should somehow be able to be written off, or somehow paid for through the Solo 401K (when I finally set it up).
I am currently self-employed in an unrelated business.
It there any way to do this?
Thanks!
David