We have three members withdrawing as of 12/31/02 which will
be their withdrawal valuation date. Does it matter if I run
the taxes before doing the withdrawal reports? Or should I
run the withdrawals before the taxes?
Does the fact that I need to do three withdrawals
concurrently expose us to any problems/dependencies in
either case?

Thanks in advance for any tips.

Ray
rgbarnes@yours.com
Celestial Investors

Ray G. Barnes writes:
> We have three members withdrawing as of 12/31/02 which will
> be their withdrawal valuation date. Does it matter if I run
> the taxes before doing the withdrawal reports? Or should I
> run the withdrawals before the taxes?
> Does the fact that I need to do three withdrawals
> concurrently expose us to any problems/dependencies in
> either case?

The withdrawals can be executed concurrently. Although the withdrawal
valuation date is last year, and the actual withdrawal date is this
year. You are a member of the club as long as you have money in it.

This shouldn't be a big problem. Simply issue K1s to the members as
normal, and inform them that they will receive K1s and withdrawal
reports next year for 2003 taxes.

Cheers,
Rob