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Results (5,636+)
Tom Sheehan Self directed IRA's
12 January 2016 | 10 replies
If you borrow from your own IRA, it will be deemed a taxable distribution;Unlike an IRA, a Solo 401k can invest 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 his or her solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of his or her IRA; instead, a trust company or bank institution is required;Unlike an IRA, generally 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, generally 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--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 401k RMD requirement;Roth IRA funds are not subject to requirement minimum distributions (RMDs);The fair market value (FMV) of assets held in a self-directed IRA is reported on form 5498;The fair market value of assets held in a solo 401k are reported on Form 5500-EZ;At termination, the solo 401k is required to file a final Form 5500-EZ and 1099-R; andAt termination, the self-directed IRA is only required to file a form 1099-R.
Greg Shyne Seller Financing Promissory Note and Deed of Trust?
13 September 2017 | 3 replies
They hold all original docs, electronically take my payment and get to the seller, do the amort schedule and annual interest reporting.  
Justin Harding Acquiring Cook County Delinquincy lists
9 April 2019 | 15 replies
Harding, On behalf of the City of Chicago Department of Water Management, I am responding to your Freedom of Information Act (“FOIA”) request received in our office on March 21, 2019 for the following: “I am requesting a list (preferably an electronic spreadsheet) of all water shutoffs for the city of Chicago for the past six months.”
Joey Copper Why Self Managing Investment Properties is CRAZY
31 August 2021 | 216 replies
Also, over half my tenants are using Zelle or some electronic form of rent payment.  
Account Closed Tucson forcing Landlords to accept Section 8 HUD, Phoenix Next
15 December 2021 | 1 reply
TALKING POINTSIt’s the strings attached – not the source of the incomeThe proposal is an infringement on private property rights.The proposal is an infringement on the right to contract.The city does not mandate any other private business to accept a certain type of payment from a customer.Federal requirements attached to HCVP are overly burdensome and immensely time-consuming.Frequent and unpredictable property inspections, property damage, and delayed payments from program administrators continue to dissuade property owners from participating.The 1,800 pages of HCVP rules force operators to accept electronic payment, mandate the use of a contract of adhesion, eliminating an owner’s freedom of association and right to negotiate contracts.Rents for all Tucson residents will increase if rental owners are required to take on more risk.Developers will reconsider constructing new apartments in Tucson and go to other Cities or Counites that do not have overburdensome requirements, resulting in higher rents and fewer housing opportunities for Tucson residents.Tucson AZ and Phoenix AZ investors
Lieren Schuette Where Do You Save Your Money?
17 December 2021 | 51 replies
Mike is right about the not having access to your cash when needed, at least when attempting to transfer funds electronically from one account to another.
Brian Moran Hello All! Anyone on here based in London England?
18 October 2022 | 4 replies
So let's definitely electronically meet up at least.
Richard Ma Received a harrassment letter from my tenant
19 September 2022 | 31 replies
Get instructions from your bank to set up direct deposit so your tenant can pay electronically without you ever seeing them;2.
Todd Collins Possible Wholesale done illegally?
30 July 2023 | 40 replies
First it was they did not know how to do electronic signatures.
Li Lu Any suggestion on the interior design budget?
19 December 2022 | 20 replies
If you need everything from, dishes, bedding, bath linens, furniture (bedroom, LR, Dining and accessories, art & window coverings, appliances, electronics).