5500 - plan with real estate

[Guest jhuffstick@aol.com]

What 5500 form does a one man plan file if more than 5% of the assets are in real estate (non eligible assets)

In past years I filed a 5500 due to real estate (less than 100 employees) but the Dr. is retiring - all employees are terminated and paid out. He is still working on minimal basis - still maintains the plan with real estate.

instructions indicate Cannot file an SF - due to real estate and 5500 says do not file a 5500 for a one man plan

Should I switch to an EZ - I cannot find in the instructions a problem with real estate and filing an EZ

Just concerned that a switch from a 5500 last year to an EZ this year will raise flags?

[Lou S.]

I assume he's the owner and only participant?

You can file an EZ no problem. I believe you can also file an SF checking the box for 1 participant plan which drops off the problematic questions that generally don't allow you to file a 5500-SF in lieu of the 5500 with schedule I.

[Guest jhuffstick@aol.com]

thanks