Tuesday, 15 July 2014

i bought properties in the Sacramento area with my 401K money that I took out from Fidelity to form a Solo 401K. I was told those properties...

Question

i bought properties in the Sacramento area with my 401K money that I took out from Fidelity to form a Solo 401K. I was told those properties were vested incorrectly, that they should have said "Alfonso 401K" instead of my full name. Now title companies are refusing to help me because they said they don't handle closed deals. Where do I go to correct this?



Answer

The title company that handled the deal in the first place if it was their error. If not, you should consult with an attorney who is familiar with Solo 401k tax laws, as you may have a serious tax problem now.



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