Dissolving an Investment Club
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Dissolving an Investment Club Our small club has decided it's time to disband. I just renewed our Bivio subscription so that I can have it for doing 2017 tax returns & K-1 forms. Does anyone have any advice on regulations regarding dissolving our club? We're a partnership and I'm not sure the best way to end the partnership. What are the possible tax implications to the individual members as we sell all of our stocks? Thanks for any advice you can give me. Don't sell all of your stocks. Have each member open a broker account if they don't have one and transfer shares of stock. Sell enough stock to have enough cash to pay the members the residual amount owed to them. When the members receive their stock they have the decision on whether to sell them themselves or keep them. John Rice On Wednesday, March 22, 2017 7:23 AM, Claudia Wood <cw8choc@mchsi.com> wrote: Our small club has decided it's time to disband. I just renewed our Bivio subscription so that I can have it for doing 2017 tax returns & K-1 forms. Does anyone have any advice on regulations regarding dissolving our club? We're a partnership and I'm not sure the best way to end the partnership. What are the possible tax implications to the individual members as we sell all of our stocks? Thanks for any advice you can give me. My two cents worth: Calculate your projected realized gains if you were to sell all of your stocks. Then figure out how much that is per member. Only go through the exercise of requiring everyone to open a brokerage account and transferring stocks if the gain is more than each of your members wants to realize in a single year (specifically this year) Linda Linda On Wed, Mar 22, 2017 at 7:23 AM, Claudia Wood <cw8choc@mchsi.com> wrote: Our small club has decided it's time to disband. I just
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