There is a small local savings and loan that is going public. Depositers will get first crack at the available shares. We have a member that can purchase the shares. We want the member to purchase the shares in her name and have them transfered ...
Thanks again guys for a prompt and spirited response to my post on Pengrowth "dividends." Because of all of your input I went to the Pengrowth web page and read all the documents for U.S. taxpayers. With not much hope of success, I called Scottrade ...
In a message dated 3/3/2005 1:05:58 P.M. Eastern Standard Time, jed_nov_fra@bivio.com writes: There is a small local savings and loan that is going public. Depositers will get first crack at the available shares. We have a member that can purchase the shares. We want the ...
>>Apparently, since it is now non-reportable activity, the IRS will not see it as income and I will not need to enter it in the bivio accounting. Is that correct? No, it is not correct. What Scottrade is telling you is that THEY are not ...
Ira & Rip thanks for the info. Ira we know we can purchase the stock when it goes public. This is not the point . We feel we can purchase these shares at a better price before they hit the market. Ira on my second ...
>>Ira on my second point. How about if the youngsters account is changed to: IN TRUST FOR: Would this make a difference? If it's in his SSN, it won't make a difference what it's titled. And, if it's in his SSN now, you may run ...
I just purchased a half-year subscription to do our taxes and to see how BIVIO works. I read the getting started materials and then attempted to create a new account. When I went to the section on editing the new account, I was able to ...
>>I am having a problem similar to the Pengrowth question with several stocks that our club owns. We unexpectedly received K-1's for these investments and I have asked Bivio if there is any way to enter the data from the K-1 to prepare our taxes. ...
Hello Our club is going to have an initial cost for any member of $30 to cover start up expenses. How should they be entered? If I add them in as fees, it seems to skew the unit calculation a lot. Is there a way ...
>>Your expenses should always be drawn from each member equally. I disagree with this. If your PA calls for equal allocation, ok, but, in general, expenses should be allocated in proportion to each member's share of the club. Most expenses are CLUB expenses, not individual's ...
I posted this question awhile ago but don't see it listed and never got a reply, so here goes again. Our club just went on unit-based ownership (as opposed to equal shares). That means that some people can have more ownership in the portfolio than ...
I see hoe expenses and othe ritems are allocated to members Is there a way to zero in on a specific expense or income item andtrack how that one expense was allocated to members? Thank you
I see hoe expenses and othe ritems are allocated to members Is there a way to zero in on a specific expense or income item andtrack how that one expense was allocated to members? Thank you
Are there any members of the Cross Country Online Club monitoring this board? If so, would you get ahold of me, please. Lynn Ostrem, Minneapolis garbagecop@foxinternet.net
We noticed this year this form from the IRS number 8893. Our club numbers only 8 members so it appears this form should be submitted with our federal taxes. Is this a mandatory form or optional, we are curious.? Steve