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Posted

Posted this in other sections. Wasn't sure which to put in! A doc has joined a gastroenterology practice. the plan doc allows for investments in real estate. More specifically the do wants to invest in the shares of the endoscopy center part of the gastroenterology practice. This leads to a couple questions.



- Since the plan is a small plan (SF), does the 5500 require an appraisal?



- If yes can the appraisal be done by the accountant?



- If an appraisal is needed, is it every year?



- If the practice does not have a formal appraisal done every year would a CPA or managing partner letter work?


Posted

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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