Non-Covered Securities Are Not Ones You Can Ignore
It seems that many of you don't understand the sections of your 1099 - B where "Non-Covered" Securities are reported. They are sections B (short term) and section E (long term) Non Covered securities were purchased prior to the cost basis reporting laws being implemented. ...
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Collectables (28% rate) tax
Bivio, We own the Permanent Portfolio (PRPFX) and received a capital gain distribution that was classified as a "collectable" (28% tax rate) on the 1099. When reconciling my Bivio records from the 1099 from TD Ameritrade I was able to reconcile every amount except for ...
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REIT's - In Living Color
Some of you ask why we recommend that you not invest in REIT's in your investment club. The answer is, because we want you to have simple accounting and record keeping for your club. Here's what you are up against if you invest in a ...
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Tax copies
I meant to say I DON'T see how this can work ... ----- Original Message ----- From: Jim Thomas To: Sent: Monday, February 17, 2014 9:01 PM Subject: Re: [club_cafe] Re: Tax copies I see how this can work with the free CutePDF Writer ...
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transaction types
Several questions regarding differences in transaction types noted by TD Ameritrade and bivio: Mattel Inc (MAT): broker lists as nondividend distribution and bivo as qualified dividend. Should this be a return of capital? The remaining stocks are listed by the broker as qualified dividend and ...
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2013 Tax Program Released!
The 2013 tax program is now available for you to use to prepare your club taxes. You can get to it if you go to Accounting>Taxes Note that the tax preparation process requires several steps. Make sure you go through all the steps listed on ...
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State Tax forms
Hi, 3 questions: 1. When will tax forms for NY and NJ be available? 2. Will I be able to prepare forms for both NY and NJ at the same time without have to trick the system (last year I had to change the club's ...
5 messages
2013 Tax Files
In prior years, I was able to download the entire return as a file, and then each individual K-1 as separate files. I don't see that capability this year, only the entire return. How do I get each K-1 as an individual file? Thank you!
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When can i do the taxes
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Cash in lieu not credited to our account
Bivio failed to pick up a fractional share of Neogen when it split 3 for 2. We received cash in lieu of .5 shares. Bivio will not let me add that cash when editing the split transaction. How can I add this amount? Further, our ...
2 messages
Are in-laws related family members for purposes of the 1065
One member of our club is the son-in-law of the of another member. Is this considered a "lineal descendent" for purposes of IRS definitions when filling out the form 1065 interview? They do not own more than 50% of the club together, so it should ...
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payment to withdrawing members
I understand that paying withdrawing members in stock is the best option but how is this done with members that don't have brokerage accounts? Most of the members in my club are young and this is their first experience with investing. I'm sure this is ...
15 messages
K-1 question re: domestic partners
I filled out the questionnaire for generating our club taxes and checked that only two couples are related and listed as such on the questionnaire. However, when generating the K-1s, all members have the domestic partner box (H) checked. Is there a way to correct ...
1 message
Broker 1099-B vs Bivio
We need a reconciliation because our broker (TDAmeritrade) 1099-B does not list a capital gain from a sale in 2013. From reading the Club Cafe notes I understand that this is because prior to 2011 the Broker was not required to track the Purchase Date ...
5 messages
For your order to buy 300 shares of FF at market: You bought 300 shares of FF at $15.9894 on 02/12/2014. Terry
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