Robert Reineri
Solo 401K Loan Question
Can one take a loan from the Solo401K in the current year, and use a distribution from the SoloK to pay back the loan in a future year? For example, if I borrowed $10,000 this year, made payments each month until 2019...
Mark H.
Solo 401k Distribution
I am the trustee and admin of the solo 401k plan of my business.What paperwork is required for an employee early distribution to comply with DOL and IRS rules? How do I report it for taxes for both employer and employ...
David Howarth
Deductions greater than Income
If my deductions are greater than the income generated from my property, how does that effect my tax liability?
Does it decrease the total amount of taxes owed? Or does my tax liability stay the same?
Joe Au
How to convert to self directed 401K
If I am actively contribute to my 401k with my current employer, is that mean I can't convert that to self directed 401k?
Gian Jr, III
Check my math? Deducting STR losses against high wave W2 job.
Hi BiggerPockets community, I am considering purchasing a STR and being an active participant for the opportunity to deduct the STR losses (notably deprecation) against my W2 job. I have been doing a lot of research h...
Jim NA
Regarding Roth IRA contribution limits.......
Good Morning :)Hopefully I’m posting this in the right forum. My question is regarding Roth IRA contribution limits. I have been maxing my pre-tax employer 401k and was wanting to max my Roth as well when I noticed th...
Po Hsiao
Can i switch from active participation to not active
I have read a lot about advantage of claim "active participation", but no article about any pros on NOT claiming active participation.
I have placed a couple of properties in service in 2019 and will have a loss that...
Po Hsiao
Can i switch from active participation to not active
I have read a lot about advantage of claim "active participation", but no article about any pros on NOT claiming active participation.I have placed a couple of properties in service in 2019 and will have a loss that c...
Jeff Henderson
Good Neighbor Next Door
Hi BiggerPockets Members - I have a question regarding the Good Neighbor Next Door program. My fiance is a teacher, so she qualifies for the lottery homes in this program (usahuds.com) and we meet all other criteria ...
Randy Jones
Dad's SDIRA
Hello so I am trying to buy my second property. I am trying to figure out a way to raise some money. I know I plan on starting a Corp. my dad has a few hundred thousand in his 401k. Can he move part of that money to a...