Before You Invest!
Before you make an investment, check this list!
These are specific investments which have tax issues that may make your club accounting difficult or even impossible to do using bivio. If your club purchases any of these, you may find that you will have to hire an outside tax professional to prepare your yearly investment club tax returns.
This does not mean these are bad investments, it just means that you need to decide ahead of time whether any gains you receive will be worth the expense of complying with any tax issues they bring along with them.
This list is not all inclusive. It is continually updated. If you have any questions about something that is not here, ask us first at firstname.lastname@example.org We're much happier to check things out for you ahead of time than to have to inform you at tax time that you have a problem.
Red flags-If an investment you are looking at has any of the following in its name you should check with us first. REIT, Realty, MLP, LP, LLC, Partners, Trust
The fact that something has a ticker and trades on a stock exchange does not mean you are OK.
If you know of an investment that should be on this list, let us know.
(Tax reporting not included in bivio services)
(Manual tax time adjustments required, possible delays in filing. learn more )
(Extremely complex manual tax time adjustments required, possible delays in filing. learn more )
Related help topics:
More questions? More Help