There is no easy way because commissions are part of your cost basis/sales proceeds and fees are expenses. You'll have to go through your transactions and identify the amount and add them yourself. Ira Smilovitz In a message dated 1/29/2012 11:25:35 P.M. Eastern Standard Time, ...
My 1065 has a total $, and it is divided up to our members equally. But, when I add the K-1's up it is higher that the total on my 1065. I know why, but I'm curious if this should be addressed or leave as ...
You don't have to worry about rounding errors. Ira Smilovitz In a message dated 2/1/2012 1:33:01 P.M. Eastern Standard Time, wrobe73928@cox.net writes: My 1065 has a total $, and it is divided up to our members equally. But, when I add the K-1's up it ...
2011 Tax Program Released! The 2011 bivio Federal 1065 Partnership tax program has been released and is now available for your treasurer to use by going to Accounting>Taxes Just a reminder that we recommend you wait to file your investment club taxes and distribute K-1's ...
As long as your investment club doesn't invest in another partnership (LP, PTP), it doesn't have to file a VA-502 return. See the instructions for the form, http://www.tax.virginia.gov/taxforms/Business/Corporation%20and%20Pass-through%20Entity%20Tax%20Forms/2011/502Instr.pdf . Ira Smilovitz In a message dated 2/1/2012 6:48:41 P.M. Eastern Standard Time, gjenner1@cox.net writes: Do you ...
how/where do I post each member's monthly contribution? If I post it in accounting, it is a duplication from the auto sync transfer from the bank. I want to make sure each member gets a full and proper accounting. Thanks
IA investment clubs must file an IA-1065 return. Ira Smilovitz In a message dated 2/2/2012 10:00:39 A.M. Eastern Standard Time, jdniel@ncn.net writes: What is the law on Iowa State taxes. Does bivio do that. We have been filling them on our own.
Three of the four top entries in this years Manifest Investing Groundhog Portfolio contest, including the winning entry, were made by investment clubs! Perhaps a testament to the value of group input in making investing choices. We support the fun and will be offering a ...
Hi Everyone, To save on printing and paper, page 2 of your member K-1's is not included when you produce the total 1065 tax return that you will file for your club. It is the instruction sheet for the K-1 and it doesn't need to ...
In the drp statements we receive there is a commission which is noted as paid by the company. When I have recorded the dividend I have not added that to the amount listed for the dividend, but the 1099 seems to have it added in. ...
Our club recently purchased Intel (INTC). However, its prices are not being updated automatically (i.e. I have to update it as "value unlisted"). I do know that we owned it a long time ago and I think I remember there is/was a bug related to ...
In performing our year end club audit, I came across a couple of items that I'm not familiar with - they are very small amounts and I simply want to have a better understanding of what they are. One is an expense item labeled "ADR ...
ADR fees are deductible expenses. Cash liquidation is probably cash-in-lieu for fractional shares in a merger, but it could be something else. Could you provide specifics about that transaction? Ira Smilovitz In a message dated 2/3/2012 1:58:35 P.M. Eastern Standard Time, ldelmolino@comcast.net writes: In performing ...