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27 January 2017 | 3 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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31 January 2017 | 4 replies
I heard that when you are licensed agent you are required to hold security deposits in the brokers trust account, but I can't seem to find anything online that supports or refutes that (this would be a MN license).
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27 January 2017 | 3 replies
For example with wholesaling houses the process could be explained in these simple steps:Step 1: Market to motivated sellers Step 2: Sign purchase contract with the seller Step 3: Find cash buyerStep 4: Sign contract with cash buyer for a higher price and collect 2k deposit Step5: Close Transaction via Assignment or Double Closing and Collect your checkThird, learn has much as possible about the 5 skills needed to be a Pro at wholesaling.
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30 January 2017 | 18 replies
Doesn't make a whole lot of sense for them, so practical answer is you probably lose your deposit.
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30 January 2017 | 10 replies
I would do a new lease, and write in month to month. with 30 day notice, listing the same amount of security deposit as before.
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27 January 2017 | 3 replies
We also want to know the deposit amounts and exposure from lease expiration.
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11 March 2018 | 11 replies
Do you know if you can have it deposit to personal checking accounts?
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27 January 2017 | 3 replies
May not be any security deposit either.What's my risk here?
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28 January 2017 | 6 replies
If I do win the bid, when is the deposit due?
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29 March 2017 | 26 replies
They had also offered a $100 pet deposit, which I increased to $300 just in case we did not go to close and I had to replace one of the carpets.