I think Steve L. always contributes good things.

In many cases they must be offered.It is rare, but not unheard of, for individuals not working with Qualified Plans professionally to have the depth of understanding to keep a plan in good working order.Also note there are strict requirements for salary deferrals and company contributions to the plan.

Silly question but I just cannot remember the answer:Regarding this passive loss allowance that gets phased out @ 150k of w-2 income If for ease of example I make 150k of W-2 income but I contribute 15k to my company 401k does this give me the AGI income of 135k which would qualify me for a small passive loss deduction in said tax year, OR is it based on your income before any of these types ofo deductions?

The 40% is the maximum that the tenant can contribute toward rent, so the tenant might be allowed to pay up to $400 toward the rent.Some landlords I have spoken to only want Section 8 tenants who are on welfare - little to no income to count, so the whole rent amount is guaranteed to come from the gov't.

I want to thank everyone for thei comments that make this such an asset, and hope I can contribute just as much.

Jon- Thanks for the article link .....i have never seen so many acronyms used in one article Also, thanks for everyone who is contributing this this thread

Very good point Don, except I think that outside the RE industry that there will be a significant shot in the arm for business and I'd rather see the Clinton years.Vetting you partners and knowing what their comfort level is is as important as their contribution.

I'm encouraged by the people here and I'm thankful to have found this site.So to all involved, keep up the good work and I look forward to networking and contributing where possible.

The 2012 contribution limits for an IRA are $5000 or $6000 if you’re over 50 years old.

btw marc i applaud you for asking the question...when i first came to BP i didn't know the first thing about business or math formulas..just knew how to find a good deal and fix it up...look forward to your contributions as you continue to learn :)