IRS Tax Tip 2014-27: Ten Facts about Capital Gains and Losses
Learning about investment tax issues is part of learning about investing. Here's a great overview of some things it's important to understand about capital gains and losses from our friends at the IRS. Laurie Frederiksen Invest with your friends! Become our Facebook friend! ...
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new club
signed up for a free trial back in 2008 and decided to stay with However things have changed and I would like to try it again. I see my club I signed up 5 years ago is still out there as a shell. Does ...
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active vs passive membership
Thanks for reply to my previous post. Investment clubs are made for active role of all members. But is is practically not possible for every member to participate in every stock purchase decision. some members like to play passive role or limit activity due to ...
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Consolidated Audit button
Be careful when walking through the Tax interview, the Consolidated Audit button is checked again this year. Rich
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Bit Coin and Virtual Currency Tax Issues
Hi Everyone, The IRS just released guidance on taxation of transactions involving BitCoin and other types of virtual currency. Ira and I thought it was interesting. We thought some of you might find it interesting also: IRS Guidance on Taxation of Bitcoin and Virtual Currency ...
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do options get reported to irs by brokers
I thought it was 01/01/2013, but it looks like it was delayed till 01/01/2014? Is this correct? Thanks! Rich
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Member access to k-1s
The programmers need to go back to the drawing board because the whole website is difficult to navigate and definitely not logical nor intuitive. Linda Sent via the Samsung GALAXY S(R)4, an AT&T 4G LTE smartphone -------- Original message -------- From: Laurie Frederiksen Date:03/24/2014 11:33 ...
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Moving Files
Dear Stu, Thank you for your request. I will pass it along. In the meantime, here's an idea that might simplify things for you. If you store your SSG's for each company initially in their own folder, then it would only take one step to ...
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Profit Allocation percentage splitting
If i form investment club as LLC or LLP and it will be member managed but as I am a genious trader(ha ha!?) is it possible to split profits differently than capital allocation. Example 2 members club. Capital investment will be 50% each. but year ...
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Correction for LOWES Companies (LOW)
The Autumn Chase Women Investment Club sold 69 shares of LOW stock on 02/06/13 and retained 7.778 shares. The shares held and price per unit/share agree in Bivio and Broker as of 2/28/14. The total cost and market value differ. Bivio's total cost is $175.67 ...
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Quest For Positive Relative Returns
Your Quest for Positive Relative Returns graphs have been updated through the start of the year. We are now in the process of updating them through May 1. If your investment club graph hasn't been updated yet, let me know and we'll move you up ...
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2 Quick and Simple Things
As you can imagine, we get a lot of questions this time of year as clubs prepare for tax preparation. That is good. We are glad people are working to correct their records so they won't file incorrect taxes. But there are sometimes issues that ...
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Member withdrawal payment method
On rare occasion we have a member of our club withdraw. The majority of our members prefer to pay out in cash instead of selling or transferring stock to process the withdrawal. Lately we have been discussing setting aside a portion of our monthly dues ...
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Tax Forms
I just ran a draft copy of my investment club 1065 for review. It included the 1065, Schedule D first page, 8949 2nd page, 17 K1s, and Schedule K. I then went to the expert taxes Line and downloaded the Schedule D, 8949, Portfolio Deductions, ...
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Business Code
Belong two clubs with different accounting software.- Bivio and Iclub and noted one uses business code 523910 and another is 525990. What is the correct code for investment club? Harriet Chan
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