8 November 2016 | 5 replies
., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)
8 November 2016 | 3 replies
(I'm assuming completely independent and separate loan application information)
9 November 2016 | 9 replies
Luckily, he was able to find a roommate. ( he went through our application process etc. and was passed all criteria)I use a lease that states 'All tenants if more than one, are jointly and severally liable for the full amount of any payments due under this agreement'.I am trying to figure out what to do about the SD.
8 November 2016 | 0 replies
Good afternoon BP community,I began a yellow letter campaign in NYC about a month ago while waiting for my NY salesperson license application to go through.
8 November 2016 | 1 reply
Do not hesitate, to post questions and bounce ideas around in applicable forums.
25 December 2016 | 6 replies
You have to be consistent, in this game to make progress.
8 November 2016 | 0 replies
More specifically, code section 16-18-070 seems to indicate that it may be possible to get this fee waived if the area meets the goals in the City Space Plan.There are many, many pages of reading material online about the plan, but we are trying to figure out how to tell if the goals for our area are being met.Property is pretty squarely between the actual parks of Wicker Park and Humboldt Park and close to the 606, so this may not be one of the areas of the city requiring additional green space.Basically, if there is a viable way (by meeting current criteria of the City Space Plan) we’d like to not pay the fee if we can supply the correct information.It is very challenging to decipher this and we get one shot at getting the fee waived.If it matters, we are taking an existing 2 flat and turning it into a 3 flat – allowed by area zoning and there are no changes to the footprint of the existing building.We still have more research to do but we couldn’t even find specific information on the progress of the plan’s goals and what areas meet the Open Space Requirements now.16-18-070 Individualized Assessment Of Impact.
9 November 2016 | 7 replies
Challenge yourself to spend 30 min. a day on BP EVERYDAY for a week, 2 weeks, a month, whatever it takes for you to get started.Best of luck to you, please keep us updated on your progress!
9 December 2018 | 18 replies
Nothing herein should be construed as legal advice or advice regarding any applicable standard of care.
4 April 2017 | 1 reply
Has significant emotional upset with regards to this property and a series of previous contractors stealing money and doing poor work.Potential Total Profit at outset: $25,000 - anything I loan to investor 1's entity (after 10% sale & closing costs & concessions)4 weeks later / progress to date: I've spent/loaned $10,000 and worked 100 hours at the property to check items off what's needed before we can list the property on MLS.