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27 December 2018 | 13 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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26 December 2018 | 6 replies
Is it a (hot air) furnace or a (steam/hot water) boiler?
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8 December 2019 | 15 replies
It’s a great area near Oceana Naval Air Station.
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28 December 2018 | 2 replies
However they are usually hired by the association, not an individual unit owner.The seller may (or maybe not) be offering owner financing because the condo complex does not qualify for FHA, FannieMae or conventional financing.
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28 December 2018 | 3 replies
We are in the process of finding our first flip deal, and we were wondering if it is necessary to hire someone to manage the vendors.
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16 January 2019 | 7 replies
The air quotes because I will continue to look and strike if a deal is right, just not setting any goals right now.
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2 January 2019 | 7 replies
Hi Patrick, You ask some interesting questions.Yes, your mortgage company is going to hire their appraisal company to value the house so they make sure it is not being over appraised.
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1 January 2019 | 4 replies
It was determined the upstairs AC unit failed and the water was from accumulation in the air handler, the amount unknown but enough to cause damage to our ceiling.
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15 January 2019 | 16 replies
Even if they don't meet their estimated 13,000 direct hire jobs @ $56000 a year plus benefits, plus 7,000 supplier jobs, half that many jobs in Racine will make a huge improvement in the local economy.