All Forum Posts by: Toshiki Hoshino

Hello,

Anyone using or used Southern Water Management. Please provide me with feedback on their service.

Thank you.

Tosh

Hey Guys,

Question about RUBS. Any recommendation on company and what is your pros and cons experiences? Water is already sub metered.

Thank you,

Tosh

Hi BP,

I bought a commercial property with two other partners using my Checkbook LLC (Roth IRA). I contributed $100k and if I decide to do cash out refinance it'll be recourse loan, do I pay 10% penalty on 100k? Am I understanding this correctly? Thank you for your feedback!

Tosh

@Dmitriy Fomichenko

Thank you as always!

@Dmitriy Fomichenko

Good morning Dmitriy,

While I wait to hear back from my plan provider, do you know If I can setup a new account and transfer fund for Roth Solo 401k? I believe the form I have to fill out from my provider is Form 5498. Is that correct?

Thank you,

Tosh

@Dmitriy Fomichenko

Thank you sir! I will reach out to my provider for Roth conversion form. Have a great rest of Christmas!

@Dmitriy Fomichenko

Merry Christmas to you and your family Dmitriy! I’ve reached out to my plan provider and still waiting to hear back.

Is the Roth conversion form different from 1099-R? If so, where can I get that form?

You’ve mentioned 1099-R will be provided by the plan provider. Are they filling out the form for me after I tell them how much I’ve converted?

I’m sorry for my novice questions but I always appreciate your prompt response.

Thank you,

Tosh

Hello BP,

I have Solo 401k and I want to do in-plan rollover to Roth Solo 401k. End of the year is creeping up and I want to get this done. What is the step by step process? I understand you have to fill out 1099-R but which portion do I have to fill out? What is next after that?

Thank you,

Tosh

Thank you all for your response  and I will check with accountant! Am I correct of understanding that there is no UDFI/UBTI on increase of property for refinancing or if we sell the property for profit? Just on the net rent income? 

Hi Eamonn,

(1) SDIRA

(2) cash from the refi will be distributed from the partnership 

Thank you for your advise!

Tosh