I answered all of the tax interview questions, downloaded
the forms and printed the 1065. Nothing is listed in lines
1 -22 on page 1, Schedule B has checkmarks in the yes and no
columns, Schedule K has our club's correct income and
interest info, page four had no entries. Is this standard
for an investment club filing?

Looks okay, except that there probably should be an entry
(or entries) at the top of page 4. Look at the instructions
for lines 1 and 2 in the "Analysis of Net Income (Loss)"
Section and see if you should have numbers there.

Ira Smilovitz

Judy Kennedy wrote:
> I answered all of the tax interview questions, downloaded
> the forms and printed the 1065. Nothing is listed in lines
> 1 -22 on page 1, Schedule B has checkmarks in the yes and no
> columns, Schedule K has our club's correct income and
> interest info, page four had no entries. Is this standard
> for an investment club filing?

Ira,

Thanks for your response. I resorted to reading the IRS instructions and it
actually helped. We do have an entry on page four (a loss) so thank you for
that heads up.

Judy Kennedy


----- Original Message -----
From: "Ira Smilovitz" <irasmilo@bivio.com>
To: <club_cafe@bivio.com>
Sent: Saturday, March 23, 2002 9:29 PM
Subject: club_cafe: Re: Tax Forms


> Looks okay, except that there probably should be an entry
> (or entries) at the top of page 4. Look at the instructions
> for lines 1 and 2 in the "Analysis of Net Income (Loss)"
> Section and see if you should have numbers there.
>
> Ira Smilovitz
>
> Judy Kennedy wrote:
> > I answered all of the tax interview questions, downloaded
> > the forms and printed the 1065. Nothing is listed in lines
> > 1 -22 on page 1, Schedule B has checkmarks in the yes and no
> > columns, Schedule K has our club's correct income and
> > interest info, page four had no entries. Is this standard
> > for an investment club filing?
>