I wish to run my own investment fund for my Solo 401K. I did not like the limitations etc. of using an existing mutual fund, etc. And I have investment experience, etc.
I've formed a Corporation, deposited contributions into it, and now need to file a return, I am curious how the income is treated as all income is tax deferred, but I'm not sure how it should appear on the
1120.Also, was using a Corporation entity the smartest approach? Should I have formed a Trust? The problem there I thought was you'd have to file a 1041 each year and send out K1s...but again all income is tax deferred until withdrawn from the 401K so that didn't seem to be the right vehicle to use.
Thanks in advance for your advice. Also, I have extensive Tax experience...just not here so if you could point me in the direction of the right IRS sections, etc. or any links I would also appreciate it.
Alta Investments