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Results (5,633+)
Ryan Hazelwood Age, how many rentals, and type of rentals?
20 March 2022 | 384 replies
You could advertise your rentals in the graduate and medical school student lounges and (electronic) bulletin boards.
Jesse Kindra Self Directed IRA or Solo 401k
25 June 2016 | 44 replies
@Jesse KindraThe following IRS website is a good resource for self-employment requirements. https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-centerFollowing 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;Both are prohibited from investing in assets listed under I.R.C. 408(m); and 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 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 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.)
Bruce M. Solo 401(k) with checkbook control reporting
9 December 2022 | 19 replies
If you have less than $250,000 no filing is required.Disclosure: We establish Solo 401k Plans for clients and can prepare and submit for electronic filing with the IRS both forms.
Account Closed CT Real Estate CPA
30 January 2015 | 5 replies
It's true that most of this can be done electronically, although I do prefer to meet folks face to face (i'm a little old school).  
Rene Bee can the state of NJ force you to install washing machine hookups?
11 July 2023 | 1 reply
@Rene Bee that is the national standard plumbing code he refers to  2021 NSPC (iapmo.org)  Look at page 119 printed on the page or 131 electronically I hadn't heard of it but NJ or local regulations may state you need hookups.
Stephen N. Need advice fast about property that keeps being vandalized
17 July 2012 | 29 replies
How about a barking dog alarm like this Rex the Barking Dog alarm seen here:http://www.amazon.com/ED-50-Electronic-Watchdog-Barking-Alarm/dp/B002XITC5G/ref=sr_1_1?
Tim Schroeder The Ultimate STR App/Service/Website thread - What are your favs?
10 April 2018 | 16 replies
The best electronic door lock?
Kelly Martinez Vacation Rental - Where to begin?
6 November 2019 | 14 replies
Schlage and others make great electronic locks that are easy to program new codes, master codes, temp codes, etc.
Kenneth E. Do-it-yourself Screen Scraping/ Data mining
3 September 2012 | 5 replies
These are the processes of electronically combing through websites and snatching specific data from them.
Kevin McDonald Tenant is out of state and we need to get lease signed. Help.
15 August 2015 | 8 replies
@Kevin McDonald When I have an out-of-town tenant wanting to sign a lease, I have them do electronic signatures on a pdf lease I send via email (and the I sign it electronically afterward and email them the completed agreement).