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2 June 2016 | 9 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.)
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29 September 2020 | 3 replies
I have done some major renovation work include installing a wood fire burner, Air source heating, a new bathroom and general tidying.
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12 July 2020 | 4 replies
I am looking to understand the laws around purchasing property in Scotland/UK as a US citizen, looking to purchase a family property to hopefully Air BNB when we don't use it.
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23 March 2022 | 11 replies
@Jordan Perry would be a good resource for you.
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20 November 2022 | 5 replies
Quote from @Jordan Santiago: Hey BP,I understand that most real estate funds, and funds in general, run a 2 and 20 model (2% management fee and 20% profit split) with some exceptions ... my question is that that 2% management fee paid ONCE based on AUM, or is it an annual recurring fee?
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20 November 2022 | 9 replies
I would like to just go in with bleach myself and scrub it and kill it but wife says these tenants will expect a pro to come in and is concerned about me disturbing it and getting in the air.4.
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20 November 2022 | 9 replies
You can make minor adjustments based on the type of appliances (dishwasher, clothes washer and dryer, air conditioning, etc.) and the size of the rental.
21 November 2022 | 6 replies
One additional point, the ice buildup at the outlet indicates that there is substantial air exchange from the exterior to the interior, in part due to gaps in your siding and exterior trim, and likely also due to inadequate insulation.
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8 November 2022 | 31 replies
@Ryan Shekell presumably, the comp data used by air dna, the PM, and anyone else who gives you data, is at least a couple months old (or its YTD data)...either way, the market today is a different universe than it was a few months ago, and it's likely that it will continue to change (particularly with STRs, which tend to get hit hardest with vacancy during a recession).So, even if the data you're getting was accurate at the time it was collected, it's probably almost meaningless now.Moreover, there has been a lot of news lately that the STR market is way oversaturated with supply (and again, demand is dropping fast because we're heading into recession).
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22 November 2022 | 2 replies
My lender wanted me to sign something saying I would be in the Air Force another 12 months receiving a W2 income and I decided not to sign and backed out of the deal within my financing contingency.