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Results (5,635+)
James L. Referrals for a SDIRA company in Chicago?
22 December 2016 | 6 replies
Also take a look at the solo 401k.Following are the similarities and differences between the solo 401k and the self-directed 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; 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 2016, 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.)
Carrie Foley STR contracts - do you think they are necessary on AirBnB?
31 December 2022 | 23 replies
Vrbo has were you can have a detailed agreement that you upload and the guests electronically agree to your agreement when they book your house.
Jenna Shumate Property Management Program - Suggestions Needed
26 November 2022 | 4 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
Hassan Omar For Jan, Feb and March I'm going to buy some houses; here's how..
3 August 2009 | 129 replies
The electronic filing of HUD-9548 contract addendum4.
Joe Pitrolo Auction.Com, Wells Fargo winning bid, but not accepted
14 September 2019 | 12 replies
Plus they're the only bank I know who requires "wet signatures", no electronic signing, you have to print all 30+ pages, sign, scan/email or fax back to them. 
Leon Lee Guests can not turn on the fireplace, how to deal with it??
6 April 2022 | 18 replies
Sounds like the long term fix is to put in an electronic auto lighting fixture.
Jim Schafer Are any landlords using turbo tenant software yet?
24 July 2017 | 10 replies
@Paul Ronto by eLeasing I would say simply allowing electronic document signing.
Raven Parmer Another question about getting your realtor license....
2 August 2017 | 7 replies
This will give access the MLS, their online services, and usually a lockbox electronic key.
Michael Plaks DEADLINE: Jan 31st to send your 1099 forms
27 January 2024 | 3 replies
I recommend that you stay on the safe side and do send 1099s to your wholesalers.You do not need to send 1099-NEC in these cases:You paid the contractor electronically (PayPal or Credit Card).
Michael Lott RentRedi vs Avail Landlord tools
30 September 2020 | 3 replies
If you want a solution with a free plan that includes electronic lease signing, Avail is the best option for you.