Updated over 1 year ago on . Most recent reply
401k Swap to Self-Directed 401k
I am wanting to transfer my 401k to a self directed 401k. I am having issue finding a CPA who is well versed in all the nuances involved in this. Any BP members who know of a Central Florida CPA who is a pro at real estate world and 401k swaps?
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Dmitriy Fomichenko
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Tax & Financial Services
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
You don't need a CPA for this. Rollover from your old employer 401k into self-directed Solo 401k is not a taxable event and wont' affect your taxes. You need a specialty provider firm specializing in these types of account to set up IRS-compliant plan for you.
Solo 401k plan is not for everyone, you must be eligible in order to establish one. Do you qualify?