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Results (10,000+)
Alan Taylor Questions on practices/protocol for closing in North Carolina
9 December 2022 | 12 replies
It also improves communication since one attorney's office is coordinating all the details.
Ricky Stafford Hypothetical - tenant signs lease but never pays
26 December 2022 | 20 replies
As John said, don't hand over keys until you have the rent money and also make sure utilities are transferred into their name.
Jonathan DeBough Starting LLC question
3 January 2023 | 7 replies
That partnership can be in an LLC, then you transfer the deed to the LLC.
Account Closed I want to open a Self Directed IRA
13 February 2018 | 11 replies
Self-employment activity is a requirement to open a solo 401(k) plan.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 (checkbook IRA/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.)
Prabesh Vijaya Need advise to resolve Property Manager issues
3 January 2023 | 10 replies
What to do if they don’t cooperate to transfer and provide tenant info, contact, deposit to new management company?
Bob Hackerd Income Requirement for Union Bank Platinum Credit Card?
3 January 2023 | 1 reply
Not sure).I have to apply in person at the branch for the Platinum card, which I want to get for their $0 balance transfer fee for 6 months, and also 0% intro APR for 15 months.Would help me a lot at the moment to move my debt around before I can get back on my feet with income.
Jonathan Christmas Trust issues and sub-2
5 April 2022 | 5 replies
The title would then be transferred to your name at closing. 
Sonnett Peterson Tax Deed with Unattached Mobile Home
4 March 2019 | 7 replies
You'll just need to make sure you get them to provide you a limited power of attorney to transfer the title into your name (or company name).
Ben Vidovich First Investment Deal and Banking Question
16 October 2022 | 2 replies
If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.
Mack Lawson Property Closing Tenant Being Evicted Security Deposit
1 January 2023 | 3 replies
Their deposit was less than one months rent and I understand you can deduct unpaid rent from the deposit in Florida so I would like not to transfer the deposit.