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9 January 2019 | 10 replies
That'll give you a little relief for your mortgage payment and perhaps allow you to dabble in other buy/hold or flip.
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21 May 2020 | 7 replies
Very powerful tool and right now a withdraw not a loan even more so: covid related economic injury and you have no penalty on withdrawal and 3 years to pay the taxes....cardule though, like most powerful tools it can pack a hell of a kick if used carelessly :)Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.
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13 January 2020 | 17 replies
To attract the investments, the tax code gives the investor staggered level of tax relief on the investments.
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21 June 2021 | 14 replies
The landlord policy was about $100 less--that was a relief.
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15 April 2023 | 5 replies
Tax wise, people will hit the $3,000 PAL limit in a hurry so there won't be much relief for tax losses in the current year and those losses will carry forward.
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13 April 2023 | 11 replies
Headache relief is a good reason to sell, just because it appreciated in value is not👍
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31 May 2012 | 5 replies
A chapter 7 is just a brief pause in the FCL cycle, file for relief of stay and move forward.
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22 December 2022 | 32 replies
So, we will get relief in 18-24 months on the supply side, but in the meanwhile pressure will ramp on single and multifamily as all the projects started in 2021 and 2022 complete.
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3 March 2023 | 2 replies
This relief is temporary, only for 2023, but we will take it.
3 July 2020 | 6 replies
There may be some relief if the country you're a resident of has a tax treaty with the US.