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28 January 2019 | 10 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.)
2 March 2017 | 12 replies
Hello,I am just getting started in real estate and just recently bought our first investment property and was reviewing landlord tenant law in Massachusetts.I read that "Under MGL 186 § 15B, a landlord is only allowed to collect, as up-front charges to a tenant, (1) first month’s rent; (2) last month’s rent; (3) a security deposit equal to the first month’s rent; and (4) the purchase and installation cost for a key and lock" It also said that all other charges such as application fees, deposit to hold, pet fees, etc were illegal.Is this true?
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2 March 2017 | 1 reply
Once you find the deal, get it under contract and find an end buyer...1)Is it best practice to have them put a Non Refundable Earnest Deposit?
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2 March 2017 | 4 replies
I could tell that she was trying hard to make it on her own, and was a hard worker.The duplex has gas heat, and the local gas company requires a $250.00 deposit to turn on the gas.
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2 March 2017 | 5 replies
They already will not be getting a security deposit back as they started some of the cedar siding on fire with their ash tray that they so wisely placed up against the house.
2 March 2017 | 4 replies
3) Is there a formula for calculating the earnest money deposit for an investor-buyer?
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14 March 2017 | 5 replies
Does anyone have their tenants pay rent using a pre filled out deposit slip at the the bank?
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2 March 2017 | 2 replies
@Raj G. these are all legitimate characters he's against a security deposit.
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19 January 2017 | 9 replies
Now, I will hold a deposit for 1-2 weeks, and I will prorate the rent.
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20 January 2017 | 10 replies
They receive a receipt as proof of payment and you receive a deposit in your account the next day.