Robert Stamper
401K Solo contribution limits.
Hi everyone. Are 401K solo contributions limited to the amount of income made in the single member LLC? Example. Let's say I made $1,000,000 on a W2 job and made $10K on a single member LLC. Could I put $50K in ...
Daria B.
Roth Contribution - 5yr rule
I found several descriptions regarding this rule - below is one description.What is the Five Year Rule?An investor can withdraw his or her contributions to a Roth IRA at any time without tax or penalty. But, that is n...
Callum K.
Self Direct IRA Contribution
So my familiarity with Self Directed IRA's is that one can contribute to an SDIRA through a trustee and in turn invest in real estate assets. To my knowledge, this is typically tied to Traditional IRA's (aka Pre-Tax ...
Jake Kucheck
Excess Roth IRA Contributions
Some holiday tax planning raised the following question:
Back in the glory days of yesteryear, when I had an Edward Jones guy, I unfortunately found myself overallocated in my Roth IRA, and attached to my return was ...
Andrew S.
Individual 401k contributions / deduction
Happy Monday everyone,I was listening to the BP money podcast and learned about the individual or solo 401k option. I have a W2 job with a 401k plan and rentals as my side business. I contribute ~$15k and my company...
Ron Mussatto
Tax Contributions to government
Do I pay the same amount in tax if I have it deducted from my W2 payroll (paid in pretax) compared to paying taxes at the end of the year? Do I pay the same tax rate on both?
Scott Loud
Uneven contribution in partnership
Hello, I’m sure I’m not the first person to ask this but I could not find an existing post after going a few pages deep.
How does one structure a partnership where the partners may be contributing an uneven split of...
Andy Sabisch
Question on seller contributions
Well as the market shifts thanks to the interest rate hikes, the offers one receives also change. Wanted to get perspective on this offer. We have a small flip house that we listed for $98K (I know, market drives pr...
Carl Fredrickson
Contribution to net worth
If you have shares in a publicly traded company, their contribution to your net worth calculation is the number of shares you hold times the price per share. If you have a house, it’s contribution to your net worth ca...
Indra Tanudjaja
SEP IRA contribution question
Hi, maybe this scenario was discussed before. i could use some advice from CPA/EA.my scenario: I opened SEP IRA years ago when i was self-employed.. and then i haven't been self-employed for the past 10 years.. so , ...