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7 March 2020 | 3 replies
Specifically make sure you understand "Prohibited Transactions":https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactionsIt all boils down to this: all transactions involving your IRA/401k must be "arms length".
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14 March 2020 | 13 replies
Read all the BP books and listen to the podcasts 2 - be of service - participate in BP forums and help others as much as you can.
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1 March 2020 | 6 replies
College is certainly not the perfect route for everyone but it is a likely direction that one of your children would participate in.
2 April 2020 | 5 replies
I've participated in accelerators, obtained a seed "loan" of $250k, hired a consultant and attorney.
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2 March 2020 | 3 replies
What if the property is currently in my husband’s name, but we both want to participate in the 1031 to purchase the new properties?
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4 March 2020 | 4 replies
However, I am new to Bigger Pockets and I joined in order to network and learn from others, offer advice to new investors, and to participate in the real estate community as I am looking to grow my portfolio of properties.
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9 March 2020 | 4 replies
I wanted to see if anyone has participated in a coaching or mentoring program where the coach goes into these metrics in-depth with a case study.
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5 March 2020 | 3 replies
Instead, the property is a commercial hotel type property that you report on Schedule C of your tax return if you provide services in connection with the rentals, orA weird in-limbo property that you report on Schedule E when you don’t provide services.If the property shows a loss, you can deduct that loss on either Schedule C or Schedule E if you can prove that you materially participate.
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7 March 2020 | 5 replies
You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.
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9 March 2020 | 8 replies
If you do have time I would look into going to meet ups, networking, and looking at ways to participate in the LA market.