We are a club based in NY , Is it better to send out Federal and state taxes Via Priority mail that is Tracked or certified mail with signature . thank you Anat benjamin (alchemy Investment club)
Turns out it's not very complicated, and I've written it up for our Treasurer to follow, including specific examples from our 1099 and Bivio. For the ETF's with foreign taxes, foreign tax and qualified dividend are entered as provided on 1099. Ordinary in Bivio is ...
Our club invests in ETF's only. Our 1099 shows Total ordinary dividends, qualified dividends, 199A dividends, and foreign tax paid. Accountsync shows the total dividend received so I have to edit to separate out the various amounts. When entering the values, should Total in Bivio ...
Are there any clubs in the Fishkill/Poughkeepsie NY area? Asking for a family member who lives in that area and would like to join an investment club. Please share club name and contact information to our club email address (sacredorder@bivio.com) so we can pass on ...
My club owned Occidental Petroleum (OXY) and in July, 2020 OXY distibuted warrants (OXY+), We sold all the stock plus the warrants in 2020. I cannot get the warrants recorded correctly in Bivio. (I'm using the spin-off button in the OXY investment.) The numbers are ...
FYI some follow-up from an expert in the hydrogen power sector (MIT) whom I know. He permitted me to share. Not a good short term investment if you are risk-averse but for long term buy and hold.A Just sharing, not defending the technology. From: J.A. ...
In auditing this year we found a strange issue that goes back several years. In a month from several years ago member payments were debited four times. I don't know when this glitch happened but we knew our account was off and couldn't Figure out ...
I'm wondering if "sustainable", "renewable" energy companies might be an area where growth may be found. I've found some reasonably decent companies but they seem pretty expensive (high P/Es, and/or high in the HOLD range). Any thoughts from the cafe'?
Hi Jose, Here are the instructions for that section from the Form 1065 instructions: Item L. Partner's Capital Account Analysis You aren't required to complete item L if the answer to question 4 of Schedule B is "Yes." If you are required to complete this ...
Someone in our club brought up purchasing Gold. Are there Gold Stocks? Seems like we looked into this once before and it wouldn't work. Can someone enlighten me. Thank you, Margaret Investment Queens
Hi Jose, If you have audited your club records and know your tax forms are correct, then it is fine to send and distribute the tax forms as generated. The IRS will be looking for forms from your EIN number. So that keeps you from ...
Summary: - Club started 9/1/2020. No profits so 1099 is full of zeros - Members contributed about $1,500 each last year - Item K in Schedules K-1 is blank for every member. - Question: should it not show what each of the members have contributed? ...