The investment and member amounts from your transaction ledger represent the cost of your investments and the cost basis allocated to the members. They do not reflect the current value of the investments nor the current value of the members account. Ira Smilovitz In a ...
How does the year-end distribution work w/ Bivio? I was recommended to NOT do it as I closed the 2007 books before moving to Bivio. Now, of course, unit totals are higher. In my 1st attempt to export to bivio I had done the distribution ...
Is there a good program for a personal account that does what Bivio does for our club account? I would like to get the same kind of reports for my personal portfolio. I suppose I could set up an Excel spreadsheet, but I was looking ...
Our club includes members from NJ, PA and MD. Our club is registered with the feds in NJ. I'm the treasurer living in PA. When I prepare the taxes with Bivio, it uses my PA address which is where tax info should come, but I ...
Your club files in CA. As long as your club does not invest in another partnership with operations in CA, he only has to file in NJ. Ira Smilovitz In a message dated 03/07/08 4:20:14 P.M. Eastern Standard Time, grantland7@bivio.com writes: I'm bumping this since ...
Yeah, NJ wants a partnership return. I'm inclined to ignore it. The only difficulty for your NJ partner is that he will not be able to efile his NJ-1040 return unless he is issued a NJK-1. The NJK-1 has a very different format from the ...
All of our members have contributed the same amount of money (albeit at different times) but some of the members show a smaller # of units than the other members. Everything else checks out as even. Why is this?? Pot o' Gold Investors Jennifer
Because they contributed at different times. The number of units purchased depends on the value of the portfolio on the valuation date used. This varies every day. Ira Smilovitz In a message dated 03/07/08 5:32:44 P.M. Eastern Standard Time, jennifer@bivio.com writes: All of our members ...
Our club meets on the second Saturday of the month. What valuation date makes sense and how do I set it? Our by-laws currently state that the value of a withdrawing member's holdings are set at the next meeting following receipt of withdrawal. Thanks. Judith ...
Does anyone know what owndership percentage of capital gain/loss to use with member who have withdrawn? For current members I'm using their membership percentage as of 12/31 but not sure what percentage to use with members who withdrew throughout the year. Using everyone's percentage from ...
Why is the box for Hedge Fund checked on my club's NJ tax return? I don't recall completing any information to indicate the club is such an entity? Thanks in advance for the help. Nick
What date do we use to print the Valuation Report for members: the Valuation Date of this month's meeting March 7 for the Monday March 10 meeting? or 2/29, the end of last month's brokerage statement, so we can see the market value and cash ...
It seem it would make much more sense and simplicity to have the valuation date be the last day of the month, same as brokerage statement: but you all never advise that? What do you think?
You should print the report as of the official valuation date. The treasurer might want to print the end-of-month valuation to check her data entries, but it's not necessary. Ira Smilovitz In a message dated 03/09/08 2:03:34 P.M. Eastern Daylight Time, etana_finkler@bivio.com writes: What date ...
It may be easier, but it isn't necessary. It's not that difficult to reconcile any outstanding cash transactions at month end. This is no more difficult than balancing a checkbook, and usually much easier because there are fewer transactions to review. Ira Smilovitz In a ...