Is a Solo 401k Required to Have a Separate EIN (Tax ID#)?

Yes. The solo 401k is classified as a retirement trust, which is an entity that is separate from your operating business. You probably already have an EIN for your business, but you will need an EIN for the 401k trust itself. When you open a bank or brokerage account for the 401k the institutions will need this EIN.

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Emparion, LLC does not provide legal, investment or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact financial results. Emparion cannot guarantee that the information herein is accurate, complete, or timely. Emparion makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Please consult an attorney or tax professional regarding your specific situation.