We had a member do a partial withdrawal in the amount of $40,000 in Dec 2023. I believe I entered the withdrawal as instructed on the tutorial. In Accounting>Reports>Member Contributions and Withdrawals, it now shows his contribution in Q4 as -$40,000. It appears that it ...
I am doing the tax interview and one of our dividends is nonqualified.A When I click on to edit it under Distribution Amounts there is no choice for nonqualified.A How do I correct this? John Rice
Is there any way to check the members SS# before I e file? I always had my members check their K-1 before I mailed them in. I do not see a way to do it before I e file.
Schwab has different terminology from the Bivio drop-down menu for editing dividends and interest.A For instance, for our money market "dividends", the Schwab 1099 calls some of them a) nonqualified, which is not an item on the Bivio drop down menu for editing, and b) ...
On our club's Schwab 1099 shows a dividend "Paid in 2024 for 2023". This dividend was not included in our club's 12/31/23 balance, but does show on the 1099-DIV. The transaction date was 1/31/24 and bivio has the transaction with that date. The tax return ...
Has anyone had any success/luck filing with the State of New Jersey? The work around that I used last year by using the site www.ieonchrome.com to simulate IE9 is no longer working for me. I am a Mac/Safari user, but I have also downloaded and ...
I know there were issues with investing in GBTC when it was a unit trust due to the number of basis adjustments required and the fact that Bivio does not support it for tax preparation purposes. Is that still the case now that GBTC has ...
So another question:A I initially thought that an ETF that our club purchased was a digital asset, so I answered yes to that question in the partnership interview section of the tax preparation process.A I went through the rest of the process and found that ...
Hi Becky--I have a suggestion:A please make everyone aware of this, and please don't bury the question of digital asset ownership in the very last question in the club interview. I initially answered yes to the digital asset interview question, clicked the "generate the return" ...
I'm a new Club treasurer. Previous Treasurer withdrew. When doing audit found Schwab cost basis doesn't agree with Bivio for several holdings due to the lot cost basis used by Schwab was not FIFO. Schwab was set to Tax Optimizer, not FIFO. Have changed Schwab ...
Hello, On another subject, besides taxes, I have a question about how Clubs decide to hold/sell/buy more of a holding. Our club assigns a "Gatekeeper" or a member who watches the stock for 12 months. Per our current by-laws, the Gatekeeper is the only member ...
Bivio didn't pick up a STG of $16.97 reported from our broker of a sale of UFP we made in December. I don't know how to add this to Bivio so it balances out. TIA, Steve