Taxes
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Taxes We sold a stock this year that back in 2011 gave dividends as "cash in lieu of" which changed the cost basis to look different than the cost basis in bivio. How do I fix this in bivio?
On Wed, Feb 18, 2015 at 11:44 AM, Karen Wilson <karenbwilson@sbcglobal.net> wrote: We sold a stock this year that back in 2011 gave dividends I talked to the broker again and BP did pay a dividend each quarter but the also gave a tax credit along with that which decreased our cost basis. I think this is what we are talking about. Can I fix this or do you need the info from our broker.
On Wed, Feb 18, 2015 at 12:25 PM, Karen Wilson wrote: I talked to the broker again and BP did pay a dividend each Hi Laurie, Your reply is addressed to Karen. Please let me know if the reply is for us, etc. Thanks! Yay for tax season.... ~Vicky Mayer~ vlbloemers@wi.rr.com ---- Laurie Frederiksen <laurie@bivio.biz> wrote: ============= Hi Karen, Cash in lieu is the sale of a fractional share that you received in a reorganization. It needs to be entered as a sale because it changes the cost basis of your shares. Before the new cost basis reporting laws kicked in, brokers sometimes showed the amount incorrectly as a dividend on your tax forms. That doesn't mean you should have accounted for it as a dividend. If you need help getting this straightened out in your accounting, send us the brokerage report you are looking at that shows the cost basis of each of the lots you sold and we can help you get things fixed up. Send it to support@bivio.com 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+ <https://plus.google.com/112742056882699598854> Click here to Subscribe <https://www.bivio.com/club_cafe/join-club-cafe> to the Club Cafe email list. Click here to Unsubscribe <https://www.bivio.com/club_cafe/leave-club-cafe> On Wed, Feb 18, 2015 at 11:44 AM, Karen Wilson <karenbwilson@sbcglobal.net> wrote: > We sold a stock this year that back in 2011 gave dividends > as "cash in lieu of" > which changed the cost basis to look different than the cost > basis in bivio. > How do I fix this in bivio? > Hi Laurie, This was sent to me by mistake....although I am not sure how? I just sent you an email re: a reply to this message. (I saw the reply email before this email) Thanks! ~Vicky Mayer~ vlbloemers@wi.rr.com Anchor Investment Club ---- Karen Wilson <karenbwilson@sbcglobal.net> wrote: ============= We sold a stock this year that back in 2011 gave dividends as "cash in lieu of" which changed the cost basis to look different than the cost basis in bivio. How do I fix this in bivio?
On Wed, Feb 18, 2015 at 2:38 PM, <vlbloemers@wi.rr.com> wrote: Hi Laurie, I'm getting this mail by mistake. I don't know any of the parties involved. On Wed, Feb 18, 2015 at 8:44 AM, Karen Wilson <karenbwilson@sbcglobal.net> wrote: We sold a stock this year that back in 2011 gave dividends OK...Got it! Thanks! ~Vicky Mayer~ vlbloemers@wi.rr.com ---- Laurie Frederiksen <laurie@bivio.biz> wrote: ============= You are a member of the Club Cafe discussion list. Every question and every response goes to all the members of the list. If you want to unsubscribe from getting these emails, there is an unsubscribe link in my signature block you can use to do so. 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+ <https://plus.google.com/112742056882699598854> Click here to Subscribe <https://www.bivio.com/club_cafe/join-club-cafe> to the Club Cafe email list. Click here to Unsubscribe <https://www.bivio.com/club_cafe/leave-club-cafe> On Wed, Feb 18, 2015 at 2:38 PM, <vlbloemers@wi.rr.com> wrote: > Hi Laurie, > > Your reply is addressed to Karen. > > Please let me know if the reply is for us, etc. > > Thanks! > > Yay for tax season.... > > > ~Vicky Mayer~ > vlbloemers@wi.rr.com > > > |
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