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Do I use Adjusted Cost Basis or Club Cost Basis after Club has disbanded
Your correct cost basis is your member adjusted cost basis on your withdrawal report. You might try sending your broker the signed statement they ask for and asking them to adjust the basis under Section 732(b) of the Internal Revenue Code which covers distributions from ...
4 messages
Do I use Adjusted Cost Basis or Club Cost Basis after Club has disbanded
Our club disbanded in December and our Treasurer transferred all members stocks to their personal broker accounts. When these transactions occurred the receiving broker used the clubs cost basis for my cost basis and seems disinclined (see email below) to use my member adjusted cost ...
2 messages
How cash affects IRR in down market?
While preparing my club's annual report, I include the IRR comparison between my club and the Vanguard 500 Index as computed using the "Performance Bench Mark" tool. I also include the stock minus cash IRR calculation created by "Investment Performance. In the last several "up" ...
4 messages
Getting Ready For Tax Season
Here's a little activity you can do to start to get ready for tax season.A A Go to Accounting>Investments Do you see any: 1.A Investments highlighted in red? 2.A Tickers in italics where shares for investments it still shows you own? 3.A Old dates in ...
1 message
Entering the Express Script & Cigna merger - cash balance is off
Had 10 shares of Express Script (ESRX) and before merger no shares of Cigna (CI) After merger: 2 shares of Cigna with a cost basis of $364.37 Cash-in-Lieu was $79.52 Statement shows $567.02 added to my cash balance from this merger. 567.02=79.52+487.50 Statement also shows ...
3 messages
Audit Form Update Ready
Our Audit form has been updated to use for doing your 2018 tax year investment club audit. You can find a link to it on our help page.A It is available in both PDF and Word formats. Help Page January 12 and 13 is audit ...
1 message
Club Audit - 2018
Has the club Audit form for 2018 changed from the 2017 audit form?
3 messages
Tax return due date and K1 to partner deadline
Hi: Is March 15, 2019 the deadline for filing club tax returns? Is there an earlier deadline for distributing K1's to partners? Thanks, scott
2 messages
Webinar Recording Now Available
The tax season webinar recordings are excellent Laurie. Thanks so much for all your help. Vic Scango (Comet Club) vics@mchsi.com From: Laurie Frederiksen Sent: Thursday, December 13, 2018 11:08 AM To: The Club Cafe Subject: [club_cafe] Webinar Recording Now Available The presentation and recording for ...
1 message
Webinar Recording Now Available
The presentation and recording for Tuesday nights webinar on getting ready for tax season are now available here: Getting Ready for 2018 Tax Season The recording is posted in a series of different parts so you have the ability to listen to just one part ...
2 messages
Tax Season Webinars
Tax season webinars are on the calendar! Find out more about them and other tax season information here: Club Cafe Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! A www.facebook.com/bivio Follow us on twitter!A A www.twitter.com/bivio Follow Us on Google+ Click here ...
1 message
Valuation Date Entry
We have recently switched to use the transaction date as the valuation date for member contributions as Bivio recommends. Is there a setting that instructs Bivio to automatically use this the transaction date rather than manually changing each time? Thx, Mike Grove, Azure Investment Club
2 messages
distribution of bivio email notification to all club members
I would like to have all my club members receive the bivio emails I get as the administrator, such as new deposits, account transactions, etc. I want them to stay informed on account activity. How do I set that up?
6 messages
Partnership agreement
I am looking for the information or email where the recommended wording for amending the partnership agreement to either opt out of the irs audits or what ever my club decides to do tomorrow. I am not finding what i need. colleen goings
5 messages
ML no longer supporting investment club accounts andFidelity no longer opening new club accts?
There are hundreds of market perspectives and commentary available for FREE and many from big names.A One of my favorites is from JP Morgan.A They have a weekly and quarterly economic outlook and, my personal favorite, the quarterly a€œ Guide to the Markets a€A and ...
1 message