
16 September 2018 | 5 replies
., 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.)

13 September 2018 | 5 replies
For example: I would receive all income from the property (rent) and my partner would receive all of the deductions?

21 September 2018 | 12 replies
I received 4 bids all from licensed HVAC installers and they were the least expensive, did their work on time, pulled the permit and got it closed.

29 September 2018 | 4 replies
Credit union is the best source of financing if you can secure it.She's asking you for a business plan basicly: monthly projection of your payments received from rent and your payments on bills like taxes, insurances, property manager etc.Let's say, you want to buy a house for $70K, update it for $30K and you think your rent will be $2K/month.Then you make a payment plan for each month what is going to be paid: January+July - taxes $1020 each; March - insurance $870, every month water/sewer $50 (if you don't plan on Tenants to pay)When you make it an Excel table, there will be each month left cash flow, which you then add with mortgage payments.That's one of the main projected financials: your cash flow.Income projected as an income&loss statement: $24,000 income from rent $2040 - taxes $870 - insurance $600 - water/sewer $2400 - PM $4,000 - interest on mortgage- depreciation - maintenance- other expensesWhen you talk to the bank, they should see positive numbers, not just that you know you'll pay.

11 September 2018 | 1 reply
I would make sure you get all the documentation from the town that it was certified with a good bill of health.
12 September 2018 | 1 reply
Being new to the game I remember signing one document and my attorney specifically going "so no AirBnb."

14 February 2019 | 15 replies
Thanks,BrookeHey Brooke,I'd be interested in receiving a few of those house hack opportunities as well.

18 November 2019 | 17 replies
There may be a few other ancillary documents required by NJ law.

17 September 2018 | 5 replies
You don't want a wide receiver blocking for a running back.

11 September 2018 | 5 replies
Right now hes 30.a)COMMITTED: RECEIVE/POSS/SELL STOLEN VEHb) OPERATE A MOTOR VEHICLE IN A CARELESS AND IMPRUDENT MANNERAll the above crimes were committed when he was much younger.