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1 September 2022 | 8 replies
Some states prohibit charging separately for them.
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8 October 2017 | 7 replies
There is also usually a lease provision that deals with "guests" or visitors that may prohibit anyone staying at the property for more than a few days at a time without your permission.If you fail to address the situation this time, maybe the next unauthorized tenant turns out to be a drug dealer or sex offender.
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9 October 2017 | 12 replies
Also some CA markets just have prohibitively high entry price points so there are investment barriers as such.
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19 October 2018 | 6 replies
You can't prohibit the tenant from breaking the lease, and once the Tenant has broken the lease, you have a joint requirement to Mitigate the broken lease by attempting to fill the vacancy as soon as possible.
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29 March 2018 | 13 replies
However, the number still have to work and with short-term vacation rentals, there is always a chance that the city will pass a new code that prohibits it.
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14 May 2018 | 22 replies
According to a Nevada attorney 'The federal Fair Housing Act also prohibits discrimination in housing accommodations against those who use service animals.
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14 September 2021 | 8 replies
@Bob Green,Under that LLC structure, would it be prohibited self-dealing because of the 401k being in a business transaction with both beneficiary and wife?
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17 February 2018 | 11 replies
Spreading of the tax ("installment sale treatment") may be prohibited for some transactions between related entities AND also between relatives.
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3 May 2019 | 24 replies
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.)
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30 December 2016 | 25 replies
Completely removing it is cost prohibitive, so there are conditional standards that have to be met.