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14 March 2016 | 24 replies
The answer depends on how the A/C cooling coil is integrated into the furnace air handler inside the house (or attic).
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17 April 2018 | 5 replies
offer them on CL for scrap metal. problem solved.
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12 January 2016 | 7 replies
@Bill Mcdonald Here are some of the similarities and differences between a self-directed IRA and a self-directed solo 401k: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 bankruptcy creditors;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be directly invested in your own business startup 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 (self-directed IRA LLC) must be utilized;The solo 401k allows for checkbook control outside the LLC;The solo 401k allows for personal loan known as a solo 401k plan 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.
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20 August 2015 | 8 replies
Howdy @Eric Wallace and @Rina AmirOK - a couple items...1 - Is the roof metal, rolled roof material, shingles or ?
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23 January 2008 | 8 replies
For now, I think it's better to put what little I have into signs (I found a website that sells signs with metal wire stakes for about $1 each) and other start up items.
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1 April 2017 | 19 replies
I have even ran metal conduit on the outside of the walls to save damaging the walls, which was still a couple grand.
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13 November 2017 | 13 replies
Exterior storms now have metal not wood frames.
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20 June 2014 | 0 replies
Less than a year old Metal Roof, Fresh Paint on the outside, less than a year old 2.5 ton unit outside, enclosed porch with tile, hardwood floors throughout the house and a so so kitchen that could use some updating.
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20 August 2017 | 2 replies
My home is older, and has metal doors which are difficult to install in.
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14 March 2022 | 5 replies
Was wondering if anyone knew who might finance a Metal/Steel Frame home in GA?