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Results (9,300+)
John Casmon Need 401K transfer to SDIRA Tips
18 May 2016 | 21 replies
That's to set up your 401k after you have a non passive income company.On the 401k side you will want to have a strong fundamental understanding of the rules and prohibited transaction or situations after you get started.  
Bill McGrath IRA Rollover to Self Directed (IRA or 401K)
20 October 2016 | 8 replies
@Bill McGrathFollowing are the similarities and differences between the solo 401k and the self-directed IRA.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; 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 (RIA 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 2016; 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.)
Kenneth LaVoie landlord controlled thermostats
30 September 2009 | 7 replies
In some multi-unit rentals that I have seen, electric baseboard heat is used in units where running heat via other methods is prohibitive to do.
Douglas Costello Making Referrals to Real Estate Agents
8 August 2016 | 13 replies
Most States prohibit the payment of referral fees from Agents to non-licensed individuals where the primary  object of the transaction is real estate.
Tori Kolasa Interested in learning as much as I can about Mobile Home Parks
26 March 2019 | 11 replies
Do zoning laws prohibit you from expanding the park?
Brian Kraft Suspiciously High Water Bill - MJ in CO?
25 October 2015 | 17 replies
Not to mention, the lease specifically prohibits growing of marijuana on the premises. 
Bill Gulley NUTS WITH GUNS
31 July 2012 | 164 replies
Seems like the only place you can carry legally is on the street.If you are in violation of packing in a prohibited area you can lose your license and get fined, if you use that weapon under any circumstances, you can end up in jail!
Wes Burk Why should a seller short sale?
8 March 2010 | 29 replies
With a trustee's sale foreclosure, the lender cannot go after a deficiency judgment.What are the five situations in which a deficiency judgment is prohibited?
Katie Douglas Frustrated with Bigger Pocket Posts
29 November 2015 | 109 replies
You need information, you need education, you need to be advised about what areas of real estate investing involve the laws, regulations, government intervention and prohibition
Shaun Moore General Contractor's License for Permits when Doing Work Yourself
13 September 2017 | 62 replies
In addition to all other remedies, any licensed contractor or association of contractors, labor organization, consumer affected by the violation, district attorney, or the Attorney General shall be entitled to seek injunctive relief prohibiting any violation of this chapter by an owner-builder who is neither licensed nor exempted from licensure under this chapter.