QUESTION: I understand IP, e.g., patent interests and copy writes, can be held in the solo 401k trust.
If so, and I am the inventor or author, how do I transfer it to the trust?
I assume a sale is a prohibited transaction.
ANSWER: It would be prohibited for you to transfer an asset that you personally own to your own solo 401k trust. This would fall under the following prohibited transaction rule:
A transfer of Solo 401k plan income or assets to, or use of them by or for the benefit of, a disqualified person.
The assets would be the patent interests and copy writes. The disqualify person is you as the trustee of the solo 401k plan.
Additional Information
Prohibited Transactions
Consequence of Prohibited Transaction
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