Roth Solo 401k : 1099-INT

[Richard Howell]

If I invest funds from my Roth Solo 401k into a bank savings account that allows me to open the account in the trust's name with the trust EIN, and the bank issues me a 1099-INT at year end, will this 1099 create an issue or confusion with the IRS?  Would I just file this 1099 form in my records and do nothing else?

[Dmitriy Fomichenko]

Richard,

Assuming that everything was setup properly the 1099-INT will be issued to the 401k Trust EIN, not to you. You don't need to do anything with that, IRS would know that this EIN is associated with the tax-exempt entity.