| Re: [club_cafe] Partial withdrawls || Tax ImplicationsCindy, Mark is correct. With our club we usually set up a tax strategy meeting around November to advise everyone where we stand. This helps us understand our tax liability at the end of the year and plan for following year. One method you can ... |
| Re: [club_cafe] Withdrawal paid with stockHi Patricia, Yes this is an area that can easily be confusing.A Let me see if I can help and I am sure others will join in if I mis-speak. As a partner in the investment club you have a tax basis in the club.A ... |
| Re: [club_cafe] Club closingJohn, I have kept your email from the cafe to help when I bite the bullet and try to get going on this, of course once we vote on everything. One question I did have is in regards to this part of your email: "I ... |
| Questions about partnership agreementsBrad asked several great questions about some rather standard paragraphs found in many investment partnership agreements. "Any corporation or transfer agent called upon to transfer any securities to or from the name of the partnership shall be entitled to rely on instructions or assignments signed ... |
| Re: [club_cafe] Re: WithdrawalThe wording for timing of withdrawal payouts in the recommended partnership agreement is there to keep members from trying to time the market and make excessive withdrawal requests in a short period of time.A This could be very disruptive to club operations. Your club could ... |
| Re: [club_cafe] Uncashed CheckGet a letter / email from the recipient that they do not want the funds and wish to give the amount to all other members in an equal amount. This way they have the withdrawal and you can record a member contribution for the prorated ... |
| Re: [club_cafe] Withdrawals and taxesThis is great news! Can you share more details as to what forms you file or process you use to transfer stocks to withdrawing members. Thanks, Judy On Sep 29, 2023, at 11:15 AM, Donna OConnnell via bivio.com <user*23240500001@bivio.com> wrote: My investment club uses Schwab We ... |
| Tax rules around partner withdrawalStarting this as a separate thread and directing to Ira with an ask to help educate me on this. The topic of "give them unappreciated shares" vs "sell when we don't want to have a gain" comes up often here. I do not understand how ... |
| withdrawing memberWe have a member who is withdrawing and we want to pay her off in two or three payments. She will be getting cash and we don't want to sell any of our stocks. How do I handle this in the withdrawl page, where it ... |
| cannot delete withdrawn memberI withdrew a member, then discovered dividends that had not been posted prior to withdrawal. now i want to delete and perform the withdrawal again, with correct numbers. Bivio will not let me delete the withdrawal. what next? deannie |
| Re: club_cafe: Member Withdrawl PoliciesNo penalty, just any costs associated with the withdrawal. Ira Smilovitz Join me at Invest Ed 2011 Investor Education at Its Best TM San Diego, CA May 13-15, 2011 http://www.investor-education2011.org / In a message dated 01/15/11 15:29:13 Eastern Standard Time, ritaroberts@bivio.com writes: Our club is ... |
| Re: [club_cafe] Dividend Received After All Members WithdrawnHi Howard, Our friends at the SEC have a very nice writeup describing what an ex-dividend date is. You can read it here: http://www.sec.gov/answers/dividen.htm If you're a buyer on the ex-dividend date, you don't get it. If you're a seller, you do. It is up ... |
| dealing with losses for withdrawing individuals if the club realized a gainIt isn't clear to me how losses can be allocated. Our situation is that a friend jumped into a partnership a friend and I have had investing in 2017 after becoming excited at our performance, but as the market sank they demanded to be withdrawn. ... |
| Re: [club_cafe] member privilegesJust process another withdrawal for her. The withdrawal entry sheet will show her with $0 value and when saved it will remove her access to the club's records. Ira Smilovitz On Mon, Feb 25, 2019 at 9:21 AM Julia C. Van de Water via bivio.com ... |
| Re: [club_cafe] Club-Friendly BrokeragesSusanne, I have been the "Treasurer for Life" in two Club and we both use Foliofn. What we/I like about Folio are 1) No brokerage fee, 2) Purchase in fractional shares so you can invest all your monthly contributions, 3) unlimited window trades, they trade ... |