David Burns
Flipping - mileage as cost basis?
I'm a relative novice investor but I have done several flips and currently have one rental. I do my own taxes but have always struggled with where/how to expense mileage to and from the properties I'm working on. I ...
Bill D.
Solo 401K and employees
Hello BP Community,I to move my retirement accounts into a Solo 401K and I understand that you can not have full time employees and still qualify for the Solo 401K, so I have a couple of questions about this. My busin...
Edward Mccracken
Loan on 403B / 401k
Through my employer I have a 403B. I don't have the much money in there. I'm probably going to be paying a decent amount in taxes this year, I made a lot more than last year. What I was thinking was putting in a lo...
Wendy S.
Remodel house more or wait to buy another house?
Hi guys,
So I purchased a retail split level. Spent abt $33,000 to make it a decent 4/3 which I househack with 2 roommates which essentially covers my mortgage and utilities.
Now, I'm considering putting in another ...
Art Maydan
Being Paid Through LLC vs. Personal
In addition to property management, I do hourly work for a rehabber. Would it be better for them to send a 1099 to my property management LLC or to my personal name? Both are justifiable since I end up managing the ho...
Adam Scheetz
Financial Partner on Flip. How much should I set aside for Taxes?
I'm partnering on my first flip with an experienced investor. I'm providing capital in exchange for percentage of sale profit. Following the sale, I should net somewhere around $20,000. I need to know, if he reports t...
Mike Reynolds
Dispursment from 401k
Trying to understand something here. If I take a disbursement from my company plan 401k after retirement do I have to file a 1099 like I would if it was a solo401k? I guess what I am trying to ask is what is the diffe...
Gary Kane
Absolutely Confused...Let's Get Real about SOLO-401K's
I have been reading (scouring) the forum on SDIRA/SDIRA-LLC/SOLO-401K information, and am absolutely confused! And the more I read, the more cautious I am getting!So what is the real deal on these setups? Do I need t...
Harry Metzinger
Going from Traditional IRA to Solo 401(k)?
Hi BP, I currently have Traditional IRA funds that are invested in stocks, but lately I have educated myself about going the self-directed IRA route. I met with a self-directed IRA custodian yesterday. However, give...
Stephen Benson
401k real estate investing
Anybody have any references were I can look into more information about using your 401k to investing in real estate?