Double entry
Took the interview for tax data and noticed I have a double entry error. How can I edit. Expense was put in twice by mistake.
2 messages
AccountSync & Fidelity Investment Accounts -Part Ii
I agree with everything you've said. Which is why I'm trying to figure out how to make that happen at Fidelity. Our club has a separate EIN which was provided to Fidelity when opening the account. Howver, because I'm an authorized owner/person on both accounts ...
13 messages
Heartbleed bug
Check your email and broker sites to see if they pass the tests after you read this: Bivio passed with an A- Rich
7 messages
Avoiding Tax Surprises - 9 Steps to Take Now
Some of you have had some surprises this tax season. The new cost basis reporting law has meant you've received information about extra tax matters you needed to handle to prepare your taxes. If you were unaware of them until you got your 1099's, it ...
1 message
AccountSync & Fidelity Investment Accounts
I recently setup a Fidelity account to use with my Bivio account. Particularly, those clubs where multiple Fidelity accounts are involved including some personal accounts which are owned by an individual authorized to transact on behalf of the club. I'm curious how you handled the ...
3 messages
Has Your Investment Club Sold Anything in 2014?
Question: Are you one of the treasurers who wrote to us to help with reconciling your cost basis and your 1099's for your 2013 taxes? Did you tell us your club members were "Anxious to get their K-1's". Opportunity: If so, you have the opportunity ...
2 messages
calculating aggregated gross receipts for CA taxes
Is anyone out there living in California? TurboTax requires users to supply the aggregated gross receipts for our partnerships. Aggregated gross receipts is the total of all positive income amounts plus my share of the sales proceeds (not the gains or losses) from stock sales. ...
6 messages
Cash Ideas
I would like to hear from other clubs what they do with the cash in their account. We want to get more interest on our money. Our club is going to be talking about setting aside some of our contributions in order to go on ...
5 messages
Foreign Currency Fluctuations and Their Impact on Net Income
For those who like to learn new things, here is a fun video made by the Google Chief Accountant. In it she explains the impact of foreign currency fluctuations on Net Income. She also explains how Google hedges to lessen the impact of the foreign ...
1 message
Taxation Mark-to-Market accounting
If club is organized as partnership or LLC or any other format..Do we have to report unrealized gains by mark-to-market accounting? It means unrealized gains as of 31 dec will be reported as gains. and then account value as of 1st jan 2014 will be ...
2 messages
IRS Tax Tip 2014-27: Ten Facts about Capital Gains and Losses
Learning about investment tax issues is part of learning about investing. Here's a great overview of some things it's important to understand about capital gains and losses from our friends at the IRS. Laurie Frederiksen Invest with your friends! Become our Facebook friend! ...
1 message
new club
signed up for a free trial back in 2008 and decided to stay with However things have changed and I would like to try it again. I see my club I signed up 5 years ago is still out there as a shell. Does ...
2 messages
active vs passive membership
Thanks for reply to my previous post. Investment clubs are made for active role of all members. But is is practically not possible for every member to participate in every stock purchase decision. some members like to play passive role or limit activity due to ...
6 messages
Consolidated Audit button
Be careful when walking through the Tax interview, the Consolidated Audit button is checked again this year. Rich
5 messages
Bit Coin and Virtual Currency Tax Issues
Hi Everyone, The IRS just released guidance on taxation of transactions involving BitCoin and other types of virtual currency. Ira and I thought it was interesting. We thought some of you might find it interesting also: IRS Guidance on Taxation of Bitcoin and Virtual Currency ...
1 message