Do the contracts need additional language?

Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m).The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016; the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

(ie, location, language, etc)

Talk to an attorney about changing your payment language to something like "rent is due on the first and payable by the fifth." 

Whatever it is, try to achieve your goal for the event (and no, “showing up” is not a goal).Body Language MattersYou’re busy, and you’re thinking about the mountain of tasks you still have to complete today.

Again, forgive me if you completely understand this, but I've said it many times on this forum before (and will probably repeat it again) - language is important (in the legal arena it's critical) and BP is a very large learning forum, so we must be careful not to instill any inaccurate or misguiding information that could steer somebody towards an erroneous perception.

A commercial loan officer will expect you to speak their language...its like visting another country...don't expect them to know your language and take some time to learn the basics and apologize when you don't understand.

One word of caution though private market policies have tricky language in them and many consumers buy policies that they don't understand just on price, only to find out after a loss that they really had a crappy policy.

The global financial crisis has hit the native property market quite differently than the holiday home market which dominates the costal regions.If you want proper analysis you need to look at local publications, English language versions will be very Costa-sentric and will provide a pretty narrow view, 50% of the property in Spain is bought and sold by Spaniards but foreigners of various nationalities all profess to be experts in the country as a whole.

I haven't read the language concerning a 1031 as of yet in detail but my question is that could a person do this sort of like the 2.5 year primary resiedence exclusion (Differing capital gains on a primary residence).