I see that the SDIRA solo 401k loan can be repaid at any time, however part of the terms is that the entire interest for the loan over the 5 years must be paid back regardless. My understanding is that the repayments are not counted as part of the contribution limit for the year. So, am I correct that I could take a loan every year and repay it the next day in theory in order to increase the total contribution being added to that account for the year by the interest of the loan, on top of maxing the 401k out? Then if this is correct, is there a limit to the amount of times in a year you can take a loan out?
Thanks for everything you guys do!