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dividends with tax withheld

We have a stock –Rogers Communication—which is out of Canada.  We can not reinvest the dividends so they go to the broker account.  At the same time, they charge the tax which is due.  I don’t know where to enter the dividends in Bivio where I can do both enter the amount and the tax that was withheld.  Can someone please tell me what I am over looking today?

Hi,

You can use the "Income" button on the Accounting>Accounts page to enter both the dividend amount and the foreign tax withheld. They are both choices on the Income entry form.

Laurie Frederiksen
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On Thu, Mar 30, 2017 at 5:20 PM, Connie Humble <chumble@sdplains.com> wrote:

We have a stock -Rogers Communication--which is out of Canada. We can not reinvest the dividends so they go to the broker account. At the same time, they charge the tax which is due. I don't know where to enter the dividends in Bivio where I can do both enter the amount and the tax that was withheld. Can someone please tell me what I am over looking today?


Thanks much just couldn't see my way through I guess

From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Laurie Frederiksen
Sent: Thursday, March 30, 2017 6:25 PM
To: The Club Cafe <club_cafe@bivio.com>
Subject: Re: [club_cafe] dividends with tax withheld

Hi,

You can use the "Income" button on the Accounting>Accounts page to enter both the dividend amount and the foreign tax withheld.  They are both choices on the Income entry form.

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 Thu, Mar 30, 2017 at 5:20 PM, Connie Humble <chumble@sdplains.com> wrote:

We have a stock -Rogers Communication--which is out of Canada.  We can not reinvest the dividends so they go to the broker account.  At the same time, they charge the tax which is due.  I don't know where to enter the dividends in Bivio where I can do both enter the amount and the tax that was withheld.  Can someone please tell me what I am over looking today?

Have the same with Honda. TD enters the foreign tax as expense and the cash received as dividend.
Cindy Gerke
CRIG

On Mar 30, 2017 5:32 PM, "Connie Humble" <chumble@sdplains.com> wrote:

We have a stock -Rogers Communication--which is out of Canada. We can not reinvest the dividends so they go to the broker account. At the same time, they charge the tax which is due. I don't know where to enter the dividends in Bivio where I can do both enter the amount and the tax that was withheld. Can someone please tell me what I am over looking today?

Same here for our ADR. But when Bivio sync with TD it did not pick up the ADR fees


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On Friday, March 31, 2017, 7:32 AM, cindy gerke <cgerke0@gmail.com> wrote:

Have the same with Honda. TD enters the foreign  tax as expense and the cash received as dividend. 
Cindy Gerke
CRIG

On Mar 30, 2017 5:32 PM, "Connie Humble" <chumble@sdplains.com> wrote:

We have a stock -Rogers Communication--which is out of Canada.  We can not reinvest the dividends so they go to the broker account.  At the same time, they charge the tax which is due.  I don't know where to enter the dividends in Bivio where I can do both enter the amount and the tax that was withheld.  Can someone please tell me what I am over looking today?

It's important to remember that AccountSync is not your club treasurer. It is your assistant. It's a pretty reliable assistant but it is only as good as the information that is provided from your broker.

If information in the brokers data file is incorrect (expenses for foreign tax) or missing, it is up to you to manually correct that each month.

That is why you should be doing a monthly reconciliation as well as an annual audit. You, as treasurer, are the one that needs to be making sure everything in bivio stays correct.

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

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

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