Shera Gregory
Contributing 100% of salary to SD 401k as ROTH
I have a SD 401k which has an LLC as the plan sponsor. I take distributions from the LLC as the single member. I want to start putting 100% of my distribution into the 401k as a ROTH contribution. If my normal distrib...
Andrew Pettit
Home Office Tax Question
Morning,
I was wondering that because I am in the military and Teleworking from home can I deducte anything that I buy in regards to working from home? Like computer moniors, chairs & associated items...
Frank Rizzo
How to have a business sign a residential lease
Hi, I found a potential tenant who has an arrangement with their employer that the company will pay his rent as part of his compensation package. I spoke to the owner, he is willing to have the company co-sign to make...
Andrew Delveaux
Any Strategies to Increase Parking Lot Demand?
I am helping out someone who owns a lot of parking spaces in the Denver metro business district. His demand has been significantly down since the pandemic, of course. What are some options that would help to increase ...
Grace Huang
Buying commercial truck using self-directed IRA
I have an opportunity to buy a commercial truck using my retirement account and then lease it out to an operator. I already have several people lined up who wish to lease it from me. I have general understanding of pr...
Jasmine Yap
First time homebuyer problem
My husband and I plan to purchase our first home and we are very excited! The house we want to purchase is closing this early July. We have a unique situation. I have only been here in the US for less than 2 years. I ...
Account Closed
Contractor license questions
If I hire a contractor that is not licensed is that OK for him to work in my house whilst no one is there? Now if he gets injured would I be in trouble? If so, how do I avoid him trying to put a claim on against me (...
Bob Malecki
Solo 401K contribution limit question
I have a Solo 401K set up under one of my LLCs that has earned/active income. I recently sold one of the rental properties in my other LLC via private sale and had this LLC invoice the other LLC at closing for a $35K ...
Craig Nairn
New Self-Directed Rollover IRA
I am relatively new to BP. This is my first post, but I have been listening to the podcasts and have already read several books. I am a physician and have recently terminated my solo practice 401K plan as the fees w...
Account Closed
Is a license needed to work in property management?
Some guy who works at this local brokerage(In Ohio) told me that if I want to work in property management that I need to be a licensed real estate agent. This doesn't sound right to me. I know that you need a BROKERS ...