Q: Does a prohibited transaction related to a self-directed 401(k) plan result in distribution of the entire plan?
A: Yes, it does. You need to consult a specialist in the field. The information presented herein is for general purposes only. It is not intended to, and may not be construed as legal, tax or accounting advice. Neither is it intended as a solicitation. For specific advice, please consult an appropriate attorney in person. Good luck. Zaher Fallahi, Tax Attorney, CPA.
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