We have one income item for 2011 that is categorized as "Return of Capital". In the year-end reports for 2011, however, I could not find this item listed in the Income report or in the Capital Gains report. Shouldn't this item be reflected somewhere in ...
Our previous president passed away this past June, we need to obtain K-1's and don't know how. Went to page site and it states K-1's not available. How do we obtain these for our members? Josephine Spencer
Of course you can. Just print them and send/distribute. Ira Smilovitz In a message dated 2/20/2012 10:15:26 A.M. Eastern Standard Time, sandeep.mirani@gmail.com writes: If they cannot access their K-1's online, can a club officer/administrator send the schedule K-1's to them? Did not see any option ...
If they cannot access their K-1's online, can a club officer/administrator send the schedule K-1's to them? Did not see any option to do this as yet. Thanks, Sandeep
Hello everyone, Because of the cost basis reporting changes, there is a new IRS reporting form this year called Form 8949. Some of you are receiving 1099s that indicate that you need to fill it in. Just to let you know, this year form 8949 ...
Good Morning Everyone, We're expecting to be able to announce something extra special for your clubs next week. If you want to be one of the first to find out what it is, make sure you and all of your club members have "liked" our ...
I've noticed that when we have a short position (i.e. sold a covered call), we don't get the "percent of total" column on the Valuation Statement. Is this a bug or a feature? Thanks!
Happy Valentines Day everyone! If you are looking for something to do for a romantic evening, there will be a special Valentine edition of Dashboard Diagnostics online tonight at 8:30 ET. Mark Robertson from Manifest Investing will be reviewing the portfolio of a real investment ...
For the dates 1/1/2011 to 12/31/2011 under Reports - Performance Benchmark our club had a IRR 17.4% return; under Reports - Investment Performance our club had a AIRR 81.0% return. What is the difference between AIRR and IRR and what do these numbers mean? Thanks ...
Good morning everyone, Just a reminder that we are doing another webinar tonight on "Preparing Your Investment Club Taxes". From the questions we are getting, it sounds like 1099's are finally becoming available so now is a great time to get your club taxes done. ...
Every year Laurie, I and several others counsel club treasurers to wait for their 1099s to arrive before completing their tax returns. Here's a personal anecdote to reinforce that advice. I prepared a preliminary copy of my club's 1065 and anticipated distributing the K-1s at ...
I am preparing from 3 and form 3-K for Massachusetts taxes. We have had some withdrawals from the club and I am puzzled as to how to record the distributions on the individual form 3-Ks. There is no place for doing this on the form. ...
I am aware that the stock data downloaded from Better Investing for use in Toolkit 6 has been "adjusted" or "normalized". What I would like to know is whether, as a subscriber to this data, there is a website where I can learn what adjustments ...
The taxable gain (or loss) associated with a withdrawal from a club is measured from the date the member joined the club. You do not track the date of each contribution to the club separately. Ira Smilovitz In a message dated 2/12/2012 2:11:37 P.M. Eastern ...
I registered our Parntership in Massachusetts, but i have recently moved to New York. Since I am in charge of the partnership, does that mean I need to change the address of our partnership to NY?