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Results (10,000+)
Marci Stein can't evict a military tenant-true?
31 May 2016 | 12 replies
He's not free to be a jerk who doesn't pay his bills, but he could also be someone legitimately trying to get his crap together via military employment.
Matt Maluchnik Bill Bronchick's Self Directed IRA from checking act??
2 June 2016 | 2 replies
See the following: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); andThe 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.)
Mike Oconnell Would you rent to tenant in Chapter 13 if they pay for full year
16 March 2020 | 19 replies
Of course, that assumes everything else that you screen for checks outs (background checks, reference checks, prior landlords, employment, income qualifications, etc etc etc.
Scott Smith Ask Me Anything! Free legal advice
13 December 2018 | 86 replies
Yes, if you regularly work at two or more places in one day, whether or not for the same employer, you can deduct mileage from your first job location to the second job location.Note: The mileage from your home to the 1st job and from the last location to your home would be commuting miles and are not deductible.What if I have a temporary work site?
Jonathan Schell Becoming a landlord - Need some direction
13 November 2015 | 12 replies
These wages would be subject to self employment taxes (social security and medicare).  
Lily Halstead Picking between two potential tenants
18 October 2018 | 2 replies
Can move in immediately.Applicant 2 - Is employed has a higher income source than Applicant 1, excellent credit, and clean background.
Account Closed 25,000 deduction limitations
24 October 2018 | 4 replies
For most people income will be same as AGI, but  If you are self employed, then there are various deduction that might bring down your AGI below 150. 
Daniel Ruttle Starting a STR property management business - what's in a name?
27 October 2018 | 2 replies
I recently gave up my full time employment to focus on STR property management which I had been doing on the side until now.
Deanna S. Looking for a Recommended Trustee for Self-Directed IRA
23 September 2016 | 10 replies
If you are self-employed with no full time employees, you should really look into the Solo 401k plan before making a decision.
Keith N. Trust your Gut Feeling
23 September 2016 | 1 reply
I called:- Previous property managers (couldn't get a hold of the "eviction" one, but another said they cuased no problems- Previous and current employers