Medco merger
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Medco merger Our broker has reported the cash distribution from the merger of Medco with Express Scripts as Long-term capital Gain -Box B. Bivio shows it as a Capital Gain distribution on line 14 of Schedule. Where should this properly be shown? Hi Andy, That is an interesting question. It certainly will end up in the right total if included, as we have, on line 14 of schedule D. That is where such distributions have always gone in the past. There is no guarantee that the way your broker is reporting it on the1099 is correct either. Can you email a copy of your 1099 to support@bivio.com so we can see what you are looking at and do some further investigation? Thanks. Laurie Frederiksen
Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Follow Us on Google+ Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe On Tue, Feb 19, 2013 at 10:27 PM, Andy Noll <nollfamily4@msn.com> wrote: Our broker has reported the cash distribution from the Hi Andy, That is an interesting question. It certainly will end up in the right total if included, as we have, on line 14 of schedule D. That is where such distributions have always gone in the past. There is no guarantee that the way your broker is reporting it on the1099 is correct either. Can you email a copy of your 1099 to support@bivio.com so we can see what you are looking at and do some further investigation? Thanks. Laurie Frederiksen
Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Follow Us on Google+ Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe On Tue, Feb 19, 2013 at 10:27 PM, Andy Noll <nollfamily4@msn.com> wrote: Our broker has reported the cash distribution from the Hi All, If your club has owned a stock which has gone through a cash plus stock reorganization this year, it looks like we will need to be making adjustments to the tax program so that your form 8949's will match up to what you have received on your 1099's. We would appreciate examples of 1099 forms which show mergers such as the MHS ESRX one that happened last year. Please email them to support@bivio.com. Other mergers that will be also impacted include SXC/CTRX-CHSI, KMI-EPB, HK-GEOI If your club has had one of these mergers or any other cash plus stock merger, please hold off on filing your tax forms until we determine the best way for you to address this. Contact us in support@bivio.com if you have any further questions. Laurie Frederiksen
Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Follow Us on Google+ Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe On Wed, Feb 20, 2013 at 9:31 AM, Laurie Frederiksen <laurie@bivio.biz> wrote: Hi Andy, We are working on this and hope to have something available next week. If all else is correct in your records and the merger has been recorded correctly, this is just a form 8949 reporting issue. The totals for long and short term gains on your Schedule K and members K-1's should be correct if they agree with the totals on your 1099. If you know they are, you can let your members have access to their K-1's but do not file your total club tax form until we have finalized a fix for the 8949 reporting. Laurie Frederiksen
Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Follow Us on Google+ Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe On Thu, Feb 21, 2013 at 8:18 PM, mack <penguinpride83@yahoo.com> wrote: Laurie - any idea when the bivio tax software will be Actually the problem is that the cash portion is not shown on the form 8949 correctly. It actually may already be on your Schedule D and included in the right total, but it might not be in the right place. We are working on getting this fixed this week. Just one of the many things to come out of the woodwork with the new cost basis reporting! Laurie Frederiksen
Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Follow Us on Google+ Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe On Tue, Feb 26, 2013 at 7:49 PM, Rosemary Busher <rosemary@busher.org> wrote: Please let me know when the MHS/ESRX merger reporting |
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