All Forum Posts by: Curtis Hallenbeck

Looking for some recommendations for CPAs in the Phoenix area that really understand Real estate. Bonus if they can also perform other legal services; Contracts, LLC formation, etc...

I've started using the great BP Rental Property tool to analyze deals, but every time I try to add a picture of the property and click update, it stalls out.  I've tried from different browsers and computers but the same thing happens.  As long as I don't upload a picture it works fine, but I'd really like to be able to add pictures.  Any ideas on what I might be doing wrong?

@George Blower If I do a straight withdrawal and immediately up my 401k Withholding to 15% will whatever amount I put back in over the next 3 years be considered repaying the dispersement and I can thus recover the taxes paid?  Looking at 
Notice 2005-92 section 4.D from the IRS it seems that would to be the case but I'm not sure.  What are your thoughts?

"D. Tax treatment of recontributions of a Katrina distribution using the 1-year
income inclusion method.
If a qualified individual elects to include all Katrina distributions received in
a year in gross income for that year and recontributes any portion of the Katrina
distributions to an eligible retirement plan at any time during the 3-year
recontribution period, then the amount of the recontribution will reduce the
amount of the Katrina distribution included in gross income for the year of the
distribution. The qualified individual will report the amount of the recontribution
on Form 8915, which will be filed with the individual’s income tax return. "

Just found out I could take up to $100k withdrawal from my 401k without the 10% early withdrawal fee. Anyone else taking advantage of this opportunity? I see it as a great way to get started on my first BRRRR.