Hello,
I have a self managed 401k plan and I purchased a real estate property for $5000 and sold it for $50k. I do currently have less than $250k in plan assets so it seems I don't need to report anything? I do know the title company filed a 1099 for the sale of the property using my 401k plan FEIN to the IRS.
just confirming I don't list the 401k sale anywhere on my current year tax return?
