When you pay a withdrawing partner in part stock and part cash, how do I select the stocks to distribute on a LIFO (last In first out) basis in Bivio. Because I believe Bivio uses FIFO ( first in first out) basis.
On Monday, March 10, 2025, 1:10 PM, ira smilovitz via bivio.com <user*2883400001@bivio.com> wrote:
Michael,
Those words were chosen carefully. It is possible to have a corporate partner in a partnership. While it is extremely unlikely in the context of an investment club, it has happened in the past. Since most investment clubs have partners who are individuals, revocable trusts, or occasionally estates of deceased members, filing in FL wouldn't be an issue.
An "incorporated" entity with a "member" sounds odd. Are you certain about those two words in this context? It might be relevant when thinking about taxes.
Carole Jansen on
Shelly, when you fill out the Withdrawal Form for each member, you will get a list of all of the lots for an individual stock, and you can select the lots and the share amounts you want to transfer. This is the list that will go to your broker to make the transfer.
When you pay a withdrawing partner in part stock and part cash, how do I select the stocks to distribute on a LIFO (last In first out) basis in Bivio. Because I believe Bivio uses FIFO ( first in first out) basis.
Those words were chosen carefully. It is possible to have a corporate partner in a partnership. While it is extremely unlikely in the context of an investment club, it has happened in the past. Since most investment clubs have partners who are individuals, revocable trusts, or occasionally estates of deceased members, filing in FL wouldn't be an issue.
An "incorporated" entity with a "member" sounds odd. Are you certain about those two words in this context? It might be relevant when thinking about taxes.
On Monday, March 10, 2025, 7:53 PM, Carole Jansen via bivio.com <user*8441200001@bivio.com> wrote:
Shelly, when you fill out the Withdrawal Form for each member, you will get a list of all of the lots for an individual stock, and you can select the lots and the share amounts you want to transfer. This is the list that will go to your broker to make the transfer.
When you pay a withdrawing partner in part stock and part cash, how do I select the stocks to distribute on a LIFO (last In first out) basis in Bivio. Because I believe Bivio uses FIFO ( first in first out) basis.
Those words were chosen carefully. It is possible to have a corporate partner in a partnership. While it is extremely unlikely in the context of an investment club, it has happened in the past. Since most investment clubs have partners who are individuals, revocable trusts, or occasionally estates of deceased members, filing in FL wouldn't be an issue.
An "incorporated" entity with a "member" sounds odd. Are you certain about those two words in this context? It might be relevant when thinking about taxes.