LangLangTPA Posted September 10, 2012 Posted September 10, 2012 A single participant defined contribution plan wishes to make an investment in a rental property. The Plan would hold about a 10% interest in the property. The other 90 % would be held by an LLC or LLP in which the sponsor (and participant) is the sole member. Is this a Prohibited Transaction under IRC 72(t)? Or is it exempt? Could the Plan make the down payment and hold the mortgage in the Plan?
RestAssured Posted January 30, 2013 Posted January 30, 2013 Hi LangLang. What was the outcome of this situation? I am curious too! Thanks!
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