Hi, Is there a member limit on how many people could join an investment club? What is considered as a manageable member number for a club? Currently, I have about 10 people who are interested joining a club. thanks! richard
In a message dated 1/12/2006 12:23:27 P.M. Eastern Standard Time, jimt@bivio.com writes: I'm not sure I know the right answer here, but I thought I'd try to provide a bit more context for the suggestion. > Our club uses the first of the month > ...
Our club uses the first of the month for its valuation. The performance benchmarking tool uses the transaction date. Due to this difference in dates, the benchmarking tool is giving us invalid results. Is it possible to change the date used by the benchmarking tool? ...
In a message dated 1/10/2006 1:19:48 P.M. Eastern Standard Time, jane_smith@bivio.com writes: First time for a partial withdrawal request. Is there a best way to do this?We are thinking of selling some stocks and then paying the member, charging them commission fees. Will this make ...
First time for a partial withdrawal request. Is there a best way to do this?We are thinking of selling some stocks and then paying the member, charging them commission fees. Will this make a difference to our tax situation? Is there a better way to ...
Here's a tentative workaround, but you may have to change things. Assuming your club did NOT make any charitable contributions during 2005 and the backup withholding took place in 2005: Enter the backup withholding as a charitable contribution to a 50% organization. This will segregate ...
In a message dated 1/5/2006 2:56:32 P.M. Eastern Standard Time, biegelboy@bivio.com writes: Sorry I didn't see your posting, when I posting that. I was commenting on the posting that adviced to get a broker who allows AccountSync. But I do have a few more questions: ...
KRB merged with BAC, on 01/03/2006. Not only did shareholders get 0.5009 for every share of KRB, they also received $4.125 in cash for each share held as well. My question is this: How do I enter the CASH received in BIVIO? Do I discount ...
>>KRB merged with BAC, on 01/03/2006. Not only did shareholders get 0.5009 for every share of KRB, they also received $4.125 in cash for each share held as well. >>My question is this: How do I enter the CASH received in BIVIO? >>Do I discount ...
It's highly unlikely that the IRS will bother the club for $22 in interest if that's the only 2006 income reported to it via 1099 series documents. If you're still in contact with the members of your club, I would suggest having a check issued ...
Strict interpretation of the tax code would indicate that you have to file 2006. However, if the amount is small enough, there are ways to work around this. How much money is involved? Ira Smilovitz In a message dated 1/4/2006 1:10:41 P.M. Eastern Standard Time, ...
Our club shut down as of 12/31/2005. As the club manager, I did everything possible to close it out cleanly so that there would be no tax work to do for tax year 2006. All stocks were sold and all members cashed out with a ...
My club recently joined Bivio and noticed that two previous members are included on the Accounting Members and Reports. They each have negative Units and Market Value. They have not been members for 6 years. How do I get them deleted from the Bivio Accounting ...
In a message dated 12/30/2005 10:49:41 P.M. Eastern Standard Time, merlinater@bivio.com writes: Has anyone ever heard of or know how to split Valuation Units? My problem is our VAU started out at $25 but is now at $91. I would like to take on new ...