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Results (2,651+)
Chris Duffy Lease renewal for existing tenant
23 January 2022 | 10 replies
Should I just stipulate in the new lease that her previous security deposit will roll over and should she terminate the new lease after signing I'd be entitled to those deposits? 
Ted Harris The real estate impact of Gulf oil disaster
14 June 2010 | 17 replies
Tod, we too have vacationed in Crystal Beach, all the way down east of rollover pass.
Gary White IRA rollover help in Des Moines Iowa
3 December 2017 | 4 replies
I have funds in two Roth and a Traditional IRA that I would like to roll over to a self-directed IRA and use in my investing, if that's even possible. 
Justin Reyes Would you liquidate your 401k to purchase your first property?
8 October 2019 | 187 replies
And for real estate investors that will not be low.I also couldn’t contribute anymore because my new CIty job does not roll over 401k, city jobs has a 403B.
Austin Davis Self Directed checkbook IRA recommendations?
1 September 2019 | 12 replies
Fund the new account - Contribution, transfer and rollover are your options to get the funds into the new account. 4.
Bonnie Rhodes What age did you start investing?
14 October 2020 | 138 replies
I’m just trying to play it smart and get what I can out of the market before I complete roll over into real estate.
Craig Nairn New Self-Directed Rollover IRA
26 April 2016 | 5 replies
I am a physician and have recently terminated my solo practice 401K plan as the fees were quite high and I want to now rollover about $600K to a self-directed IRA so I can invest in real estate, notes, etc.  
Josh Carter Best Self Directed IRA?
6 February 2018 | 32 replies
Also, see following regarding the differences and similarities between a solo 401k and an IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andThe Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2015; the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., 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.)
Tricia O'Brien Transferring Old IRA funds to New Solo 401K ?
24 August 2016 | 8 replies
Tricia, yes you can, here is a rollover chart from IRS showing which accounts can be rolled over into 401k:https://www.irs.gov/pub/irs-tege/rollover_chart.pd...Basically you can rollover any account with the exception of Roth IRA.
Steven Johnson Hello to Bigger Pockets and Goodbye to the Rat Race!
12 February 2017 | 18 replies
One other complication is if you have a combination of rollover/traditional IRA funds and a non deductible IRA, you can't choose which funds to convert but have to do the conversion evenly across the funds. from a tax perspective I think it can turn into a drag.