Author Topic: Solo 401k for real estate income/business  (Read 255 times)

cheddarpie

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Solo 401k for real estate income/business
« on: October 22, 2018, 05:51:51 PM »
I have a short-term rental that will soon be registered as a business. I also have a full-time government job with a 457 account and no 401k option.

Can I set up a Solo 401k for additional tax-deferred savings for the income from my rental business?

Does anyone have experience doing a solo 401k for a side gig? How does this work?

I am just starting to look into this so any education/advice is much appreciated.

Thanks!

bacchi

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Re: Solo 401k for real estate income/business
« Reply #1 on: October 22, 2018, 10:05:29 PM »
In short, no, it can't be done.

Unless you're a real estate professional. (If you have to ask....)