I have a question for which I would appreciate any comments or insights on: Our club is about 5 years old and based in Texas, where we have no individual income tax requirement or requirement that investment clubs file a state tax return. We are ...
We are an older club and members have come and gone.A We have two original members and two others A that joined shortly.A Four of us own 70% of the club assets.A As club treasurer it does concern me a little bit.A Should we just ...
My investment club originally had an account with e-Trade. Everything was fine untill Morgan Stanley purchased e-trade. The fact that morgan stanley misled us all, the waste of time spent trying to correct what they deemed inadequate, their lack of communication, and leading us all ...
All, I recorded a cash and stock withdrawal separately, because they were done in two separate months. I need to delete the stock withdrawal and re-enter it to include fees that were deducted. I assume I can just delete the stock withdrawal in the transaction ...
My club of almost 24 years recently disbanded and the remaining 4 partners (including me) took our full withdrawals in stock. I have been the Club Treasurer since we formed it. Can someone please point me to where I can get some information concerning how ...
I just tried to make a trade in our club's account (at Schwab) and received a message that the purchase order was blocked for this account. The account had sufficient purchasing power to make the trade. When I spoke with a representative, I was told ...
Ira, Thanks for warning Had you previously been with TDA? Bob Ford From my Kindle On March 12, 2025, at 11:50 AM, "ira smilovitz via bivio.com" <user*2883400001@bivio.com> wrote: I just tried to make a trade in our club's account (at Schwab) and received a message ...
Hello, Is there a way to update cost basis to match 1099 B? Some of the stocks purchased before we had Bivio (2018) have incorrect cost basis (lower than reported on 1099-B). Fyi: I've tried adjusting the investment via lot . (Accoutng>Investment).
Hello, 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. Sharon Fountain ...
We are incorporated in New Hampshire but have a member who moved to Maine, which has a personal income tax. Will we need to file in Maine? On Sun, Mar 9, 2025 at 3:34a€¯PM Anat Benjamin via bivio.com <user* 22119300001@bivio.com > wrote: My club has ...
What state is your club registered in?A You need to file in that state. John RIce On Sun, Mar 9, 2025 at 12:34a€¯PM Anat Benjamin via bivio.com <user* 22119300001@bivio.com > wrote: My club has members living both in NY and/orA Florida. A Is there a ...
My club has members living both in NY and/or Florida. Is there a tax advantage to using a Florida address for the club vs New York. Is there a tax benefit to the club members?
In 2022, we purchased TTE (foreign stock). The cost basis as reported in trade confirmations is $29,998.62, the same as what Bivio imported. We sold the stock this year and the cost basis reported to the IRS by the Brokerage is $30,088.61. The difference is ...
How do we handle an ordinary dividendA in Bivio? It is included in Box 1A of the 1099-DIV. I don't see an option for an ordinary dividend, only a qualified dividend or special circumstances. This is described as a Pr Yr Cash Dividend for GE ...
In preparing my 2024 tax return, I am getting the following error from Turbo Tax when processing my K-1. Box 13 contains code AE with a dollar amount for expenses. The same item and dollar amount is also in Box 20 as Code B. This ...