Unfortunately, we are getting a lot of questions this year from clubs that have purchased Blackstone. Equally disappointing is the fact that apparently it was suggested as a stock to study by Better Investing in their September magazine. I hope they also pointed out that Blackstones full name is The Blackstone Group L.P. The LP at the end of the name should have alerted you to the fact that this is a partnership. Accounting and tax reporting correctly for investments in publicly traded partnerships like BX is beyond the scope of the services you get from any investment club accounting software including ours. As we have tried to tell you all many times, partnerships bring along a variety of different tax reporting issues that can differ from partnership to partnership. If you lay those issues on top of the fact that your club is also a partnership and has it's own complex accounting issues that bivio handles for you, you have a very difficult situation to deal with. The requirements to report taxes on publicly traded partnership investments correctly are not something we can provide you an easy way to do or believe me we would have. How to tell if something is a Partnership before you buy it and get into issues? Here are some tips: How to Tell If An Investment Is a Partnership
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