Tax Forms

Investment clubs are required to file one copy of Form 1065, one copy of Schedule K-1 for each member, and the Schedule D and supplementary schedules below. Each member should also receive a copy of the Schedule K-1 for their records. Form 1065 is only an informational return, used to report gains and losses for the partnership. Taxable items are allocated proportionally among members, who then claim their portion of the club's tax burden on their individual tax returns.

To properly view and print the PDF tax forms requires the free Adobe Acrobat Reader version 4.0 or greater. Download the latest Acrobat Reader at the Adobe web site.

Wait until you receive your 1099s from your broker and bank before printing your tax forms. You need to ensure the amounts on the 1099s agree with the amounts entered into bivio. Save a paper copy of the the returns for the club's records.

IRS 1065 Form (pdf)     [where to file and instructions]

Member K-1 (pdf)

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Required Schedules and Itemizations

The following documents should be submitted with the partnership return.

Schedule D (pdf)

Schedule D Attachment

Other Portfolio Income

Other Portfolio Deductions

Distributions of Money and Property