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Topic: Getting Ready for Tax Season-Recording Posted
The recording of the webinar we recently did on Getting Ready for Tax Season 2012 is now posted.

You can find it posted at www.bivio.com/clubmm or on YouTube at http://youtu.be/qtPG0XPaZ5g
Laurie Frederiksen
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www.bivio.com

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Hello Laurie, I have viewed the webinar and not doubt will go back to it  as I go along.   For now I have match my year end total cash between TDA (our broker) and Bivio and they match.

Next I checked the dividends on the 1099 to the Income Statement from Bivio for 2012.  

Two problems:
1. I found that the 1099 includes the $12.60 return of capital from Cypress as a non dividend distribution.
    Cypress doesn't show up at all on the Bivio Income Statement.

2. The second discrepancy on the report is that Bivio shows  a greater amount for P&G dividends because in the past my club held 22 shares of P&G and received dividend checks.  The checks were deposited into P&G but do not show up on the 1099. 

The good news is TDA is now in possession or that stock certificate and next year this won't be a problem.  

As always,  gratefully,  Liz Schambach



From: Laurie Frederiksen <laurie@bivio.biz>
To: The Club Cafe <club_cafe@bivio.com>
Sent: Wednesday, December 26, 2012 2:46 PM
Subject: [club_cafe] Getting Ready for Tax Season-Recording Posted

The recording of the webinar we recently did on Getting Ready for Tax Season 2012 is now posted.

You can find it posted at www.bivio.com/clubmm or on YouTube at http://youtu.be/qtPG0XPaZ5g
Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend!  www.facebook.com/bivio
Follow us on twitter!  www.twitter.com/bivio
Follow Us on Google+


Click here to
Subscribe to the Club Cafe email list.  Click here to  Unsubscribe


Dear Liz,

Return of capital will not show up on an income statement or normally on your tax return.  It is entered in your bivio records.  If you go to Accounting>Investments and click on Cypress,  you will see the entries.  A return of capital reduces the basis in your investment.  If the basis gets reduced below 0, you will start to have capital gains to report.  Otherwise, it will just impact the amount of gain or loss you have when you ultimately sell the stock.

If you have received income such as dividends from two different sources, you should have two different 1099's.  You would need to make sure that information from both of them is entered in bivio and reported on your taxes.

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend!  www.facebook.com/bivio
Follow us on twitter!  www.twitter.com/bivio
Follow Us on Google+


Click here to
Subscribe to the Club Cafe email list.  Click here to  Unsubscribe


On Tue, Mar 5, 2013 at 4:54 PM, Liz Schambach <lscham8531@yahoo.com> wrote:
Hello Laurie, I have viewed the webinar and not doubt will go back to it  as I go along.   For now I have match my year end total cash between TDA (our broker) and Bivio and they match.

Next I checked the dividends on the 1099 to the Income Statement from Bivio for 2012.  

Two problems:
1. I found that the 1099 includes the $12.60 return of capital from Cypress as a non dividend distribution.
    Cypress doesn't show up at all on the Bivio Income Statement.

2. The second discrepancy on the report is that Bivio shows  a greater amount for P&G dividends because in the past my club held 22 shares of P&G and received dividend checks.  The checks were deposited into P&G but do not show up on the 1099. 

The good news is TDA is now in possession or that stock certificate and next year this won't be a problem.  

As always,  gratefully,  Liz Schambach



From: Laurie Frederiksen <laurie@bivio.biz>
To: The Club Cafe <club_cafe@bivio.com>
Sent: Wednesday, December 26, 2012 2:46 PM
Subject: [club_cafe] Getting Ready for Tax Season-Recording Posted

The recording of the webinar we recently did on Getting Ready for Tax Season 2012 is now posted.

You can find it posted at www.bivio.com/clubmm or on YouTube at http://youtu.be/qtPG0XPaZ5g
Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend!  www.facebook.com/bivio
Follow us on twitter!  www.twitter.com/bivio
Follow Us on Google+


Click here to
Subscribe to the Club Cafe email list.  Click here to  Unsubscribe



Thanks, Laurie.  I did see that in Accounting>Investments  I did see the found the entries called designated "Return of Capital".  I leave that as is and move on. Right?   

Also I realized after I emailed you that P&G had sent me a Account Summary which showed the  dividends that we received in check form.

We did have had  some buys and sales. Now I will check that Bivio and TDA match in costs and the sales.  While I am doing that I want to mention that we did have Medco, Express Scripts and Ceradyne.  You mentioned something about sending you a copy of the TDA 1099.  I have scanned it into a PDF file but noticed the account number and ID's are visible.  Should I rescan and cover those number since emails are not secure?  

 Thanks.  Liz

From: Laurie Frederiksen <laurie@bivio.biz>
To: club_cafe@bivio.com
Sent: Tuesday, March 5, 2013 5:04 PM
Subject: Re: [club_cafe] Getting Ready for Tax Season-Recording Posted

Dear Liz,

Return of capital will not show up on an income statement or normally on your tax return.  It is entered in your bivio records.  If you go to Accounting>Investments and click on Cypress,  you will see the entries.  A return of capital reduces the basis in your investment.  If the basis gets reduced below 0, you will start to have capital gains to report.  Otherwise, it will just impact the amount of gain or loss you have when you ultimately sell the stock.

If you have received income such as dividends from two different sources, you should have two different 1099's.  You would need to make sure that information from both of them is entered in bivio and reported on your taxes.

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend!  www.facebook.com/bivio
Follow us on twitter!  www.twitter.com/bivio
Follow Us on Google+


Click here to
Subscribe to the Club Cafe email list.  Click here to  Unsubscribe


On Tue, Mar 5, 2013 at 4:54 PM, Liz Schambach <lscham8531@yahoo.com> wrote:
Hello Laurie, I have viewed the webinar and not doubt will go back to it  as I go along.   For now I have match my year end total cash between TDA (our broker) and Bivio and they match.

Next I checked the dividends on the 1099 to the Income Statement from Bivio for 2012.  

Two problems:
1. I found that the 1099 includes the $12.60 return of capital from Cypress as a non dividend distribution.
    Cypress doesn't show up at all on the Bivio Income Statement.

2. The second discrepancy on the report is that Bivio shows  a greater amount for P&G dividends because in the past my club held 22 shares of P&G and received dividend checks.  The checks were deposited into P&G but do not show up on the 1099. 

The good news is TDA is now in possession or that stock certificate and next year this won't be a problem.  

As always,  gratefully,  Liz Schambach



From: Laurie Frederiksen <laurie@bivio.biz>
To: The Club Cafe <club_cafe@bivio.com>
Sent: Wednesday, December 26, 2012 2:46 PM
Subject: [club_cafe] Getting Ready for Tax Season-Recording Posted

The recording of the webinar we recently did on Getting Ready for Tax Season 2012 is now posted.

You can find it posted at www.bivio.com/clubmm or on YouTube at http://youtu.be/qtPG0XPaZ5g
Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend!  www.facebook.com/bivio
Follow us on twitter!  www.twitter.com/bivio
Follow Us on Google+


Click here to
Subscribe to the Club Cafe email list.  Click here to  Unsubscribe





Liz,

It's probably best that you send specific questions about your account like this to support@bivio.com,  not to this Club Cafe discussion list.

Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend!  www.facebook.com/bivio
Follow us on twitter!  www.twitter.com/bivio
Follow Us on Google+


Click here to
Subscribe to the Club Cafe email list.  Click here to  Unsubscribe