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Updated about 8 years ago on . Most recent reply presented by

Thomas Kwan's profile image
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Thomas Kwan
  • Investor
  • from Sunnyvale, California
  • Member since Jul 8, 2014

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Thomas Kwan's profile image
Thomas Kwan's profile image
Thomas Kwan
  • Investor
  • from Sunnyvale, California
  • Member since Jul 8, 2014
Thomas Kwan
  • Investor
  • Sunnyvale, CA
9
Votes |
55
Posts
Tax, SDIRAs & Cost Segregation

Solo 401k LLC Form 568 Required?

Thomas Kwan
  • Investor
  • Sunnyvale, CA
Posted

Hi there

I am in California and have a Self-Directed Solo 401k that owns a LLC for holding only rental properties and receiving rental incomes. Anyone knows if Form 568 (Return of income) filing is needed?

thanks

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Logan Allec
  • Accountant
  • from Los Angeles, CA
  • Member since Nov 3, 2014

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Logan Allec
  • Accountant
  • from Los Angeles, CA
  • Member since Nov 3, 2014
Logan Allec
  • Accountant
  • Los Angeles, CA
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Logan Allec
  • Accountant
  • Los Angeles, CA
Replied

@Thomas Kwan Make sure you complete FTB Form 3500.  You must receive the approval letter back from the FTB before relying on the § 23701x exemption.

  • Logan Allec
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