I am the club treasurer. I say that with humility . I incorrectly entered some BI magazine subscription deposit money as income I think because I was trying to avoid Suspense. I have had frustrating experiences with Suspense. I know, I know , it's simple. ...
The club I'm in established themselves as an S-Corp. The previous club I was in was a general partnership. I think I'm going to have issues with convincing some of the membership of switching from S-Corp to General partnership (or an LLC). Anyone have any ...
Greetings, I had Scottrade cut the check for a withdrawing member. Then, I went to bivio and did the member withdrawal. Now, our account on bivio has an unassigned debit (the amount of the check for the member from Scottrade) and the amount is debited ...
We are a NY partnership and we have a NJ partner. According to the NJ tax website, we have to file a return in NJ also. Does anyone know if this is true, and if so, how come Bivio did not generate a NJ 1065? ...
Hello all, Need help in entering the transaction of return of principal from GLD shares and investment expenses. I would appreciate very much your help in resolving this. Will the cost basics of GLD will go up or down? Please see the following transactions. 09/08/08 ...
Hi, I am a officer of a newly founded club and we are just becoming familiar with Bivio. We are very excited about our new endeavor and hope that we started at the right time. Everything is in place and we are operational, we had ...
Can someone give me a general idea of how the capital gains and losses are computed at the end of the year? Are the total gains and losses split evenly between each club member? Do we file all of our club taxes on a seperate ...
In the tax interview there is a question regarding citizenship, if all members are U.S. Citizens or Registered Aliens. I answered yes as 3 of us are Registered Aliens, citizens of Canada. I'm now printing out the taxes and there is a page showing all ...
When I divide the short-long term gains and losses by the % of my club ownership, I do not come up with the same figure that appears on my K-1 QUESTION: What others items are factored in by Bivio to arrive at these different numbers ...
We have a member who wants to withdraw from the club but transfer all his holdings to another member. How can I do this in Bivio? Any help is appreciated. Mehran
We are new to Bivio this year and I was astonished to find out that only the federal return is available and no state returns. In the past we have had a CPA do our taxes and were very excited to get Bivio thinking we ...
Our club has finally mastered the SSG and would like to expand our studies into PERT. Is this software worth it? Are there any alternatives? Thanks! Alicia Steel Magnolias Investment Club