Thank you for this information. I'll have to read through all of it and then discuss with the club members to see how we want to handle the dissolution of the club. I appreciate all the help!
----- Original Message -----
From: Laurie Frederiksen <laurie@bivio.biz>
To: The Club Cafe <club_cafe@bivio.com>
Sent: Wed, 22 Mar 2017 15:41:51 -0400 (EDT)
Subject: Re: [club_cafe] Dissolving an Investment Club
If you have round numbers of shares, those wouldn't be fractional shares. Fractional shares would be something like .728 shares of a stock. You are correct that if you had those, they should be sold. There also is no reason you need to transfer some of each stock to each person. When you do a full withdrawal with stock, the clubs tax basis in the shares is replaced with the members tax basis in the club. Here is more about transferring shares in a withdrawal: Full Withdrawal Paid With Stock
I'd highly recommend you run your plans by us in support before you make any distributions. They are just about impossible to correct after the fact. | Laurie Frederiksen
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