Insurance on property owned by Solo 401k
I'm in escrow to buy rental property with my Solo 401k. How should I take the insurance?
Property insurance should be obtained in the name of the Solo 401k. The Solo 401k is the owner of the property.
If the insurance company requires the insurance be in your name as an individual, you can obtain the insurance in your name, as trustee of the Solo 401k. Be sure to ask the insurance company to add the Solo 401k as the other interest.