>>I completed the survey and the taxes for our club. Only 2 of them had the Final K-1 box checked. Those 2 were for withdrawn members. We had another member withdraw. After reviewing her K-1, I noticed that her distribution was not in box 19, ...
Our club is selling stock this year because we decided to disband. Is there a resource with information about the tax implications of the monies we will receive, i.e., tax season 2006, so that it won't be an unpleasant surprise?! Thank you for your help! ...
In a message dated 2/19/2005 5:31:30 P.M. Eastern Standard Time, maxct@bivio.com writes: Our club is selling stock this year because we decided to disband. Is there a resource with information about the tax implications of the monies we will receive, i.e., tax season 2006, so ...
we received additional stock along with a cash payment for a merger. The cash payment was not for fractional shares. How do I report the cash payment on my 2004 club return. Not sure if I adjust my cost basis by amt of cash payment ...
In a message dated 2/19/2005 10:16:50 P.M. Eastern Standard Time, pjohnson12581@bivio.com writes: we received additional stock along with a cash payment for a merger. The cash payment was not for fractional shares. How do I report the cash payment on my 2004 club return. Not ...
This is not a problem with the tax reporting by bivio, but a problem with how to report the distributions. Couple of our members recevied a Final K-1 form. They are asking how they would report the distribution they got from the partnership. They specifically ...
IN the Where to File Tax Instructions, page 9, it clearly says "Do not write "See Attached", fill in all spaces". But when I print out the schedule D, it says "See Attached" and our club's 1 sale is listed on an attached page. Will ...
>>IN the Where to File Tax Instructions, page 9, it clearly says "Do not write "See Attached", fill in all spaces". But when I print out the schedule D, it says "See Attached" and our club's 1 sale is listed on an attached page. Will ...
hi, i would be very interested in joing an existing investment club in san francisco i have some mutual funds now but want to learn and earn as i go thanks jim
Apple split on Monday and I was holding a Bear Call Spread which consisted of 6 Long 75 Puts and 6 Short 80 Puts. I now have 12 Long 37.5 Puts and 12 Short 40 Puts. How would you go about entering the transaction as ...
My club just switched to the unit system. That means that each individual can contribute as much as she wishes, and new members can "buy in" at a lower unit level. We may have different unit holdings, but we did agree to a "one man, ...
Many thanks for your previous rapid response to my query about how to handle Pengrowth "dividends" (see a 2-17-05 post titled "Scottrade 1099..."). I contacted Scottrade and they said that Pengrowth might reclassify that income in late March of this year. But, for now it ...
In a message dated 3/3/2005 9:24:27 A.M. Eastern Standard Time, alan1303@bivio.com writes: Many thanks for your previous rapid response to my query about how to handle Pengrowth "dividends" (see a 2-17-05 post titled "Scottrade 1099..."). I contacted Scottrade and they said that Pengrowth might reclassify ...
>>Ira doesn't seem to agree, but I would enter the whole thing as non-qualified dividends. That way, you can take the foreign tax credit, your partners will be happy, and I can't believe even the IRS will be unhappy. Rip, You're right, I don't agree. ...
>>You do agree, don't you, that none of those dire things are going to happen if they just call the whole thing non-qualified dividends. Yes, my comment was a bit of intentional overreaction. If the cash received actually was a dividend or even related to ...