Yes you can invest both pretax and Roth solo 401k money in a single LLC. There would only be one member of the LLC because there is only one solo 401k with pretax and Roth money in different sub-accounts.

Can I have an employer 401k and a solo 401k?

In addition to the IRS rules allowing for participation in both a full-time employer 401k with another employer (one not owned by the individual with the owner-only business) as well as a solo 401k plan for the individual’s owner only business, The IRS rules even allow for contributions to both plans provided certain …

Can a single member LLC open a Solo 401k?

You must make the Solo 401k contributions for your sole proprietorship by the time you file your business tax return. A single-member LLC is a disregarded entity. Remember, you must establish your Solo 401k plan by December 31st to be able to capture contributions for that tax year.

Does a solo 401k need an EIN?

If your solo 401(k) has more than $250,000 in it, you have to file an annual form with the IRS. You don’t need to be incorporated to establish a solo 401(k), but if you’re not, you need a Federal Employer Identification Number (EIN), which you can get online from the IRS in a couple of minutes.

Can a LLC establish a Solo 401k plan?

ANSWER: Any type of entity can adopt a solo 401k plan. Therefore, if your LLC is the self-employed business that has no full-time employees, a solo 401k can be adopted using the LLC as the self-employment qualifier.

What are the contribution limits for a Solo 401k plan?

The contribution limits for a Solo 401k plan are very high. You can contribute up to $57,000 per year, and $63,000 per year if you are age 50 or older. IRS Publication 560 has more information on overall plan contribution limits. A single-member LLC is a disregarded entity.

Can a Solo 401k be used to purchase real estate?

Yes, you can pool solo 401k funds from both your respective participant accounts under the plan. The funds to purchase the real estate should come from both accounts (e.g. two wire transfers or two checks). The property would be titled in the name of the Solo 401k (e.g. Joe Smith and Jane Smith, Trustees of Chargers Solo 401k Trust).

Who is disqualified from a Solo 401k plan?

Therefore, because you are an owner-employee who participates in the solo 401k plan, you fall under the “disqualified person” definition. Other disqualified persons include members of your family such as your spouse, ancestors, lineal descendant, or any other spouse of lineal descendant.