Eric Lee
Start with a self-directed IRA, later move to Solo-401k?
Hello,I have been reading up on self-directed IRA's and solo 401k's. I feel like I am starting to understand some of the details now, and have a tentative plan. I'm looking for any feedback/issues with it. Hopefully...
Anna R.
Taxes on Flipped properties. Do I pay higher taxes?
If I am currently full time employed in Illinois and fit into the 28% Tax Bracket, what taxes do I pay for my flipped property? Am I still paying 15% of capital gains or do I pay 28% on capital gains due to my current...
Keith N.
For a Solo(k), is rental income equal to self-employment Income?
I apologize if this has already been answered. I tried searching for the answer to my question, but was unable to find it.I just finished reading the BP book on tax strategies and am interested in setting up a solo 4...
J.P. Ventura
Should I Elect to be an Independent Contractor or an Employee?
I have the option of being hired as an employee or independent contractor. I am wondering if any local accountants or CPAs in the DC / DMV area (I live in DC) have any advice as to which I should choose. I am going to...
Jeffrey Johnson
Real Estate Investor Friendly CPA??
Looking for recommendations to a CPA that is real estate investor savvy and friendly. Want to figure out the best ways to give myself a tax shelter from any self-employed income I receive. Anyone know someone good?
Brandon Lorenz
Self-Directed 401k -- how much before its worthwhile?
Hi All!Have spent some time reading the posts about self-directed 401Ks -- I had no idea about this structure until I joined BP!What I haven't seen, but am curious about, is how much does one need for this to be a rea...
Nitin Dhiman
Contributions to Solo 401k
I've read through quite a few of the existing discussions on Solo 401k on this forum. Brilliant stuff. However, I have a very specific question regarding allowable contributions to the Solo 401k.If I have a side busin...
Sydney Rae
Separating Active Duty - Proof of Income
Greetings,
I am separating from Active Duty w/in 6 months. I am trying to buy a home & I have been pre-approved but the lender says that I will not be approved unless I show that I am either going to re-enlist or...
Harry Orfanos
Investing in an "F" area
I am looking to become a new first time investor and am working with a great Realtor out in the Cleveland area. He just sent me a deal that checks a lot of boxes (Newly renovated, cash flows according to the 2% rule a...
Account Closed
I'm really confused with the whole self directed IRA/Solo K
I've been doing some reading online, and I'm really confused with the whole checkbook writing Solo 401K. I thought I read it somewhere that you can transfer your Roth IRA to a checkbook writing Solo 401K (I don't reme...