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15 July 2020 | 4 replies
The last thing you want to do is go to an eviction court in 30-60 days, have the case thrown out, and have to file again because of something you overlooked.
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8 June 2020 | 6 replies
I would think as long as she files separately, she’d be fine....but I guess that’s too simplistic.
6 June 2020 | 8 replies
Could I deduct both closing costs when filing tax since both of them are actual cost I paid to purchase the investment property?
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4 June 2020 | 0 replies
I need to file a writ of possession
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5 June 2020 | 1 reply
I could do cash for keys and get them out either at the end of the lease or before, but I need to know if any action like that could be held against me because they have already filed for a court date to complain about the previous owner.
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11 June 2020 | 8 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.
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6 June 2020 | 6 replies
If anything, your SchC shows your incomeFor the rentals, they should be taking your SchE filings and recalc for 75% of the rental income (not your profit/loss, but 75% of the rents).
9 June 2020 | 6 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.
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9 June 2020 | 6 replies
The process of filing the deed is pretty inexpensive and easy.
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6 June 2020 | 1 reply
You can download a generic agreement from the files section on BP.