Alexander Timberlake
Solo 401K Questions for REI
Can someone explain the details of a solo 401k? Points I am curious about:-Can you have a Solo 401k and a corporate 401k if you are still employeed?-Is the Solo 401k the same thing as a self directed IRA? (except for ...
Josh Dickson
How to reduce the maximum amount of income tax for a wealthy individual.
Hello all,I've been flirting with real estate for a long time but due to my low earning potential, thus far I have never felt comfortable taking on the risk. My brother, however; is a lawyer and earns around 700k a ye...
Elena Z.
First life insurance - which ones have the best reputation in CA
Hello,I am looking to purchase life insurance for the first time in my life. From my law school classes I vaguely remember that whole life insurance is the bad one and term life insurance is the good one hahaha. I ne...
N/A N/A
Is this a capital gain?
I'm involved in an assignment or a double closing. Party A is selling her home ( personal not eligible for 1031 I dont think) for 375,000 to party B, then B will sell it or assign it to Party C for a FEE of $50,000.
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Daniel Stanziale
Should I cash out small ira
Hi new here and this is my first post and hope to look back on this and see where it all started. My ? Is I have a small ira approx 7k the advisor says that I shouldn't take it out and pay penalties that could up to 4...
Michael Lettieri
How to properly account for personal maintenance labor?
Hi, I am just starting out as a landlord and am trying to learn from my mistakes. I believe I have not been adequately record keeping my maintenance expenses. I do repairs and upgrades myself and only keep records of ...
Ronald Perich
Continuing to learn about rentals - taxes?
So I have been around BP for about a month now. Every day I learn something new, but I don't get to post a lot because I usually look at the site on my Android device. Unfortunately, it doesn't work so well with BP fo...
Victor A.
Checkbook SDIRA LLC - how are taxes handled?
I am planning to open a Checkbook Self-Directed IRA LLC through a custodian that supports these accounts. I understand that you also need to obtain an EIN for the purpose of opening a bank account in the LLC's name, ...
Anthony Bonanno
Partnership scenario…..any suggestions on setting this up?
I will be partnering with a friend on some rehab projects. My contribution equals approximately 85% of the “all in” costs through bank funds I’ve secured. His contribution will be the remaining 15% from his own person...
James Park
Can a business owner contribute to both the SEP and Solo401K 2016
Question for the SEP and Solo 401K experts. Suppose a Solo Financial Advisor pays himself a W2 of $50k in 2016 and has a Net Profit of $60,000 for his SCorp in 2016. What is the maximum amount the Solo FA can tax def...