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.
Consequence of Prohibited Transaction