James Maness
Apartment Complex
15 August 2020 | 12 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.)
Vincent Chen
Long distance (Out of State) Physcially Due Diligence
16 September 2016 | 3 replies
Also, you can get a TON of information on the market by spending some time doing research online.
Ky Thai
New investor in the SF Bay Area
1 September 2016 | 9 replies
Account Closed could not have said it better.
William Conrad
Passing Oil Heating Costs to My Tenants?
23 April 2022 | 5 replies
Unless there's a plan for 4-way accountability for each unit, each tenant will blame "the other guy."
Carole G.
Need insurance referral for 4plex near Colorado Springs
29 August 2016 | 6 replies
I have used Sean Mulhern in the past with Colorado Insurance, since it is prohibited to post phone/email on here, reach out to me if you cannot find his contact info online.
Valorie Lewis
Working With A Realtor....I'm Confused
2 September 2016 | 20 replies
So use a online site like zillow or realtor . com to find the comps then go look at the county site for what they sold for.
Esther Thomas
Utilities, do's and dont's questions
29 August 2016 | 1 reply
I suppose rent could be increased to account for the higher utility bills, but in general is there a general clause in a lease that you normally put in to disallow things such as the window air conditioner or other modifications to the unit.
Nillion Lambert
Maryland Purchase Agreement & Assignment Contracts
3 October 2016 | 7 replies
You can find all kinds of contracts online, but any seasoned investor (and real estate agent) would strongly encourage you to have it reviewed by an attorney prior to use.Oftentimes, off the shelve documents work fine... until something goes wrong and then all bets are off.
Daniel Johnson
How to keep track of finances on multiple flips?
4 December 2016 | 47 replies
I'm a corporate accountant and use Excel.
Joshua Wilson
Looking to connect with Tampa wholesalers
29 August 2016 | 1 reply
Even accounting for the loss in my bottom line isn't a problem.So if you're a wholesaler dealing in our area, please leave a note or shoot me a message.