Ask your brokerage company how they will handle the bankruptcy. It helps if they show it on the year-end 1099-B statement. Sometimes they will show it as a sale for a penny. If they don't report it they should remove it from your portfolio and ...
Laurie, Our club took a gamble and invested in a company that went bankrupt and is no longer being traded (Sabine Oil & Gas, SOGC). I recieved a letter from a US Circuit Court that we cannot sell our defunct shares. How do we report ...
Hi All, Thanks for the feedback on the question and answer sheets posted for the educational activity here: 5 Rules For Successful Stock Investing I've changed the format of the sheets and you should find them much easier to read and use now. Laurie Frederiksen ...
If any of you are cooks,A you may have a spice cabinet like mine. It is full of spices I have purchased with the thought of the wonderful meals I can make from them.A I cook a lot, so I have justified the purchase of ...
Hello. I'm sure this has been asked, but I can't find the answer. How do we handle the transactions when you have C shares of mutual funds convert to A shares? How do we input the changes? Thanks!!
Companies go to great lengths to avoid paying taxes.A Sometimes, as apparently is the case with the proposed buyout of EMC by Dell, shareholders aren't so lucky. If you own shares of EMC,A it looks like you may take a tax hit on this one: ...
We understand that there is a tax benefit by transferring some of our most appreciated stock to withdrawing members. We have cash to repurchase that stock. Are there implications in doing this that we need to be aware of? Sandy
My understanding is that a patnership usually dissolves when a partner leaves. How do we ensure that we can survive as a partnership when a partner leaves? We are a CT club.
Does anyone have a template they've used for monthly stock reports (on stocks already owned) they'd be willing to share? We are working on a standard format so our partners have similar items to research on a regular basis.
Does anyone have any ppt or word templates to utilize in showcasing how your investment club is doing? If you can share it would be greatly appreciated.
I have recently returned to handling the treasurer duties for the club and am trying to enter member fees, but they have been disabled. How do I enter a member fee that should not buy units and the funds should go into the bank account ...
Our club has always thought of trusts as single entities with one vote. We see no problem with that. Where are we wrong? Tom Wagoner McCormick Investment Club. Sent from my T-Mobile 4G LTE Device Original message From: "Glen Mallette via bivio.com" <user*18190000001@bivio.com> Date: 09/23/2015 ...
I know some of your investment clubsA have questions about what Qualified dividends are.A They are a good thing.A They "Qualify" for a reduced tax rate. But they have to pass some tests before that is the case. This new help topic gives you a ...