Section 199A dividend

Lindaman Living Trust on

Our club owns AMT (a REIT) and each year I allocate the
dividend as Qualified or Ordinary in Bivio after I receive
the 1099. This year the 1099 shows the dividend as
Qualified or Section 199A. Section 199A is not a selection
in Bivio's drop down list when I edit the dividend. What
should I do?

Laurie Frederiksen on

This is a new type of dividend classification for REIT's. If you have hold the shares paying the dividend for at least 45 days, it may be eligible for an extra tax deduction on your personal taxes.

We are working now to add the ability to handle it to the program. You'll have the capability to address it when the tax program is released.

Laurie Frederiksen
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On Fri, Feb 8, 2019 at 10:14 PM Lindaman Living Trust via bivio.com <user*16710900001@bivio.com> wrote:

Our club owns AMT (a REIT) and each year I allocate the
dividend as Qualified or Ordinary in Bivio after I receive
the 1099. This year the 1099 shows the dividend as
Qualified or Section 199A. Section 199A is not a selection
in Bivio's drop down list when I edit the dividend. What
should I do?

Sheryl Story on

When will the tax program to handle the REIT dividends be
released?

Per message on 02-09-19:
"We are working now to add the ability to handle it to the
program. You'll have the capability to address it when the
tax program is released.
Laurie Frederiksen"

Thank you,
Sheryl Story
We R Moneygirls, LLP

Robert Shaw on

REITS are not recommended for clubs.

For a little more on REIT accounting see:

https://www.bivio.com/site-help/bp/REIT_Investment_Help

Bob

On Feb 12, 2019, at 12:44 PM, Sheryl Story via bivio.com <user*7608900001@bivio.com> wrote:

When will the tax program to handle the REIT dividends be
released?

Per message on 02-09-19:
"We are working now to add the ability to handle it to the
program. You'll have the capability to address it when the
tax program is released.
Laurie Frederiksen"

Thank you,
Sheryl Story
We R Moneygirls, LLP

Sheryl Story on

I know REITs are not recommended for investment clubs, but we have owned one for several years and it makes a lot of money. I had to adjust BIVIO tax stuff each year before this but now there is a new IRS wrinkle (as I understand it) in reporting and BIVIO is going to address that when the tax program is released. I just want to know when it will be released by BIVIO

Sheryl Story - sent from my iPhone

On Feb 12, 2019, at 12:51 PM, Robert Shaw via bivio.com <user*27509400001@bivio.com> wrote:

REITS are not recommended for clubs.

For a little more on REIT accounting see:

https://www.bivio.com/site-help/bp/REIT_Investment_Help

Bob

On Feb 12, 2019, at 12:44 PM, Sheryl Story via bivio.com <user*7608900001@bivio.com> wrote:

When will the tax program to handle the REIT dividends be
released?

Per message on 02-09-19:
"We are working now to add the ability to handle it to the
program. You'll have the capability to address it when the
tax program is released.
Laurie Frederiksen"

Thank you,
Sheryl Story
We R Moneygirls, LLP

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