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Moving Files
Dear Stu, Thank you for your request. I will pass it along. In the meantime, here's an idea that might simplify things for you. If you store your SSG's for each company initially in their own folder, then it would only take one step to ...
3 messages
Profit Allocation percentage splitting
If i form investment club as LLC or LLP and it will be member managed but as I am a genious trader(ha ha!?) is it possible to split profits differently than capital allocation. Example 2 members club. Capital investment will be 50% each. but year ...
2 messages
Correction for LOWES Companies (LOW)
The Autumn Chase Women Investment Club sold 69 shares of LOW stock on 02/06/13 and retained 7.778 shares. The shares held and price per unit/share agree in Bivio and Broker as of 2/28/14. The total cost and market value differ. Bivio's total cost is $175.67 ...
7 messages
Quest For Positive Relative Returns
Your Quest for Positive Relative Returns graphs have been updated through the start of the year. We are now in the process of updating them through May 1. If your investment club graph hasn't been updated yet, let me know and we'll move you up ...
51 messages
2 Quick and Simple Things
As you can imagine, we get a lot of questions this time of year as clubs prepare for tax preparation. That is good. We are glad people are working to correct their records so they won't file incorrect taxes. But there are sometimes issues that ...
5 messages
Member withdrawal payment method
On rare occasion we have a member of our club withdraw. The majority of our members prefer to pay out in cash instead of selling or transferring stock to process the withdrawal. Lately we have been discussing setting aside a portion of our monthly dues ...
11 messages
Tax Forms
I just ran a draft copy of my investment club 1065 for review. It included the 1065, Schedule D first page, 8949 2nd page, 17 K1s, and Schedule K. I then went to the expert taxes Line and downloaded the Schedule D, 8949, Portfolio Deductions, ...
5 messages
Business Code
Belong two clubs with different accounting software.- Bivio and Iclub and noted one uses business code 523910 and another is 525990. What is the correct code for investment club? Harriet Chan
2 messages
Scottrade FRIP accounting discrepancy
I use Bivio to automatically download transactions from my club's Scottrade account. Since we enrolled in Scottrade's FRIP (Flexible Reinvestment Program) our cash balance has not matched Scottrade's. The reason is that Scottrade records a debit from our cash balance when it moves dividends into ...
4 messages
Dividend entries on Tax Forms
Hello Laurie and others, What about capital gains from a REIT. I know you addressed this already but could you tell me again. The broker shows our REIT is listed as having distributed capital gains though we still own the stock. How do we account ...
2 messages
Dividends and Distributions on your 1099
Just a reminder to everyone that making sure all the information in the dividends and distributions section of your 1099 is properly handled on your investment club taxes is as important as reporting your stock sales correctly. Sometimes you even find treasure. I just found ...
1 message
Pertner percentages
According to our member list and our partnership documentation, each of our partners own 5% of the partnership. However, according to the K-1s two of our partners have much lower percentages. How do I get all of the percentages to be 5.0%? Julia Van de ...
4 messages
More Fun with "Dividends" - Mutual Fund Distributions
Here's another question we often get asked. Can bivio track mutual funds and ETF's? It's another one where the answer is usually yes but a qualified yes. Why do we qualify our yes? Here's what you can end up having to deal with at tax ...
6 messages
IRA member guidance on K1's
Hello, There is 1 member in our club that invested under his IRA. I'm assuming when i fill out the tax questionaire i should select his entity type as "nominee IRA" in the drop down. Thanks in advance for your help, Scott
2 messages
revocable living trust as partner
I've set up my personal assets as a revocable living trust, in Michigan. Is there an issue with transferring my club partnership into the trust? Do I have to select Trust rather than Individual when answering the 2013 tax questionnaire?
19 messages