1) Qualify as an individual, down payment comes from the 401K Account.
2) Post closing, quit claim to Corp 401K Account.
3) Sell whenever, proceeds back to the 401K account.
4) No tax deductions on interest and tax payments as they come from the 401K.
5) No capital gains tax as it is under 401K rules…..
What you don’t know can cost you a lot of tax money, but good thing our government spends it all wisely……like on retooling the food pyramid for one million dollars….we really needed that..look everybody is skinny now…..
