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Results (5,386+)
Sal Souza Investing inside solo 401k plan vs. self directed IRA
16 February 2018 | 4 replies
However federal and state taxes will apply.Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth 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; andBoth are prohibited from investing in assets listed under I.R.C. 408(m).The 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 2018, the solo 401k contribution limit is $55,000, 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.)
Account Closed Frame in Florida - as opposed to CBS; multi-family and SFH
27 June 2017 | 4 replies
We sold it after my Mom had lived there over 50 years.It was built with a crawl space and metal "termite shields on each post and the CB foundation.  
Barbara Chevalier oddly behaving circuit
24 January 2016 | 5 replies
If its in an old narrow metal outlet box the GFI screws may be shorting out against the metal walls.
Matthew John Crushing it with THIS Hybrid Model in Metro Detroit (Pics Inside)
24 March 2020 | 75 replies
@Matthew John Your tub should have an overflow drain, behind the metal cover plate. 
Marcus Hendren Converting Old Barn into Apartments
26 June 2017 | 7 replies
Put on a metal roof , they last forever .    
Brandon Spearman Sr Property Preservation in Atlanta, GA
4 October 2012 | 6 replies
Scrap metal revenue was pretty high too.
Michael S. What is the weirdest thing tenants have left behind?
19 May 2016 | 37 replies
148 jugs of urineHuge antique wardrobe (think Narnia here) 2-foot tall pyramid of used adult diapers, slung from the recliner surrounded by half-gallon brandy bottles; clogged toilet and double vanity sinks all pooped full to the brim; box spring with a fetal-position body-shaped impression left because of continual peeing the bed, enough so to rust out the metal springs in the shape of their body...
Bienes Raices Unpermitted structure at property
22 January 2010 | 2 replies
Although, the other sheds are conventional metal sheds, not a hand-built shack made out of scrap wood like mine.I'm planning to call my insurance company next week about this, but I was wondering if anyone had any knowledge of this, or been through this situation before.
Dawn Vought Alternative To Copper Piping For HVAC Units
26 July 2010 | 21 replies
Good thing the cage was installed that morning, otherwise they would have stolen the whole unit (for the copper coil inside).One contractor was telling me that in certain circumstances some sort of plastic or metal (galvanized?)
Michael Wagner Success in the World of Self Storage
15 December 2013 | 16 replies
Claims poor mgt.2. 1.9 Acre, limited room for expansion (existing space used as 50 boat/RV parking spots), Class C property, built early 80s, metal, no climate controlled.