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 ...
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 ...
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 ...
The programmers need to go back to the drawing board because the whole website is difficult to navigate and definitely not logical nor intuitive. Linda Sent via the Samsung GALAXY S(R)4, an AT&T 4G LTE smartphone Original message From: Laurie Frederiksen Date:03/24/2014 11:33 AM (GMT-05:00) ...
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 ...
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 ...
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
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 ...
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 ...
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, ...
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 ...
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 ...
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
Thanks in advance Do we have to put a name in for TMP on Form 1065, Schedule B? Also, is it necessary to mail 1099 from broker to IRS with K-1's and 1065? Thank you! Johnny