AccountSync should pick up the fractional share sale, but the transaction may be delayed by a day or two. If not, just enter it as an ordinary sale of 0.xxx shares for $y.yy. You can leave the commission amount as $0. Make sure that your ...
I need some help recording a stock dividend. We received 5 additional shares of Valley National Bank at no cost. As part of the same transaction, we received $4.42 as cash in lieu. I would appreciate any guidance. Thanks so much.
Enter the stock dividend as a 1.05:1 split. Then enter a sale of the fractional shares received for $4.42. Ira Smilovitz In a message dated 06/15/2008 8:44:37 A.M. Eastern Daylight Time, wecanpp@bivio.com writes: I need some help recording a stock dividend. We received 5 additional ...
Lynn's response was far from trite and useless. In most state's there are other requirements for LLCs other than having a written operating agreement. You often have to pay annual registration fees to the state, in some cases as much as $800/year. LLC's often have ...
Hi everyone.. I am looking forward to becoming part of the bivio team. I have recently formed an LLC that as part of the process.. I needed to provide a list of members.. Same thing with opening the ic brokerage account.. my question is this ...
What would be the best way to enter the comission fee? Our commission fee of 9.90 a month gets automatically withdrawn from our checking account and we do not pay for commission from within our brokerage unless we make a real time trade. The 9.90 ...
A monthly trading fee is a deductible expense. If the $9.90 fee is associated with a specific stock transaction, then it is a commission which adds to the cost basis of the stock purchased or decreases the sales proceeds of a sale. Ira Smilovitz In ...
A flat rate for x trades should be logged as a deductible investment expense and not commissions. A commission is included in the cost basis of a stock only when it is directly tied to that transaction. That is, you paid the commission because you ...
Thank you very much for the advice. At mystockfund.com you purchase stocks on an autoinvestment schedule at .99 per trade with a max of 10 different stocks to equal their monthly minimum comission fee of 9.90. The amount desired to invest in just the stock ...
"A flat rate for x trades should be logged as a deductible investment expense and not commissions. A commission is included in the cost basis of a stock only when it is directly tied to that transaction. " After re-reading your answer I think I ...
Is there data available that shows relative composite investment performance of actively participating NAIC clubs? We are seeking data regarding the top, average and lowest performance to be utilized as a benchmark. Also, what percentage of NAIC clubs use on-line brokers?
Hi I have started a club a couple months ago and sent in the paperwork to the state and broker for the investment club. My question is, when a new person joins do I have to inform the broker of the new member Thanks, Jason
In a message dated 06/23/2008 9:18:05 A.M. Eastern Daylight Time, garbagecop@gmail.com writes: Hi Jason. My club doesn't inform the broker of our members' comings and goings. But then, we have a separate bank account where we deposit our dues, then have our funds transferred through ...
I entered each member's payment of dues under MEMBERS, then the FEES tab, then the amount each paid in. BUT, I then put the payment of ALL the dues payable, plus the club dues, on my credit card, then wrote a check from the club ...
That's what I would have recommended if I had responded before Rip. So that's two votes. Ira Smilovitz In a message dated 06/23/2008 6:36:26 P.M. Eastern Daylight Time, ripwest@comcast.net writes: If an expense is not to be borne by all members, it is not a ...