I inadvertently stated incorrectly that bivio treated a partnership distribution from KMP as a dividend. It is the broker, TDAmeritrade, that is stating that the $58.00 distribution is a dividend. How do I get this distribution to show up correctly in Bivio and on our ...
Our club owns Kinder Morgan Energy Partners. They gave us a distribution of 58.00. In bivio it is treated as a dividend, but KMP sent us a K-1. How do we get correct entries on our tax forms???
Hi, Laurie. I know that the cost basis from last year is not being reported to the IRS but ours has a large discrepancy when compared to our bivio cost basis report, all related to a sale of a stock (AIB) that dropped off the ...
We got HGT in spin off. How do I handled re taxes.: 1099 shows in three parts: Royalty natural resources, Administrative expenses and severance tax? Karen Johnson
The amount of foreign dividend income the member received. The codes are explained on page 2 of the K-1. Ira Smilovitz In a message dated 3/2/2012 3:01:57 P.M. Eastern Standard Time, ldelmolino@comcast.net writes: We're in the process of reviewing our K-1's before we submit them ...
We're in the process of reviewing our K-1's before we submit them and have one question on Foreign Transactions (Box 16). For most of us there are 3 codes in this box 1) Code A followed by the name of the country 2) Code D ...
The link Laurie provided appears to be broken. The correct link is http://www.naptp.org/PTP101/Basic_Tax_Principles.html , Unstated in Laurie's post (and the referenced article) is that when you own units in an MLP you (the club and each partner) may have tax return filing requirements in every ...
All entries from a K-1 that the club receives from a partnership that it has invested in belong on Schedule K. You just move the entries from the external partnership to the corresponding line(s) on your Schedule K, remembering to include any entries to Schedule ...
Why do you want to do this? There should be NO entries on page 1 except for the information at the top of the form and the signature at the bottom. Ira Smilovitz In a message dated 3/2/2012 9:15:51 A.M. Eastern Standard Time, morganlamarche@comcast.net writes: ...
Does anyone know how to create a transaction that (through bivio) will result in an entry on form 1065 page 1, line 20, "other deductions"? Morgan Lamarche morganlamarche@comcast.net
Aw, shucks. Thanks to all for their good wishes. Ira Smilovitz In a message dated 3/1/2012 10:36:48 A.M. Eastern Standard Time, laurie@bivio.biz writes: Hey Everyone, It's Ira's birthday today. I have a feeling there are a lot of you out there who might want to ...
Hey Everyone, It's Ira's birthday today. I have a feeling there are a lot of you out there who might want to share the opportunity to send good wishes to someone who does so much for investment clubs and for club treasurers. Happy Birthday Ira ...
Good Morning Everyone, We get a lot of questions as clubs do their taxes about Qualified dividend amounts. Just a reminder that one of the requirements for a dividend to be considered qualified is that you hold the stock that pays it for more than ...
OK, we admit we bought a penny stock. every now and then we get bored i guess and this was one of those moments. our purchase was apparently the kiss of death and RBCC., Rainbow Coral Corporation is plummeting as I write. we didn't buy ...
You are entering something incorrectly. There is no problem e-filing a return with K-1 data that is entered correctly. I would contact HRBlock support and ask them what you're doing wrong. Leaving off the K-1 will earn you two letters: one from the IRS and ...