club_cafe: Itemized Member Tax Basis Adjustments

iras1 on

Jim,

I think it's already there. Run "Member Tax Allocations" under reports. It is the same as a NCA/NOCA DOE report.

Ira Smilovitz

In a message dated 02/25/03 8:33:28 PM Eastern Standard Time, jimt@bivio.com writes:

I'd like to have a report that shows an itemized list of
changes to my tax basis in the club over the years. In
addition to my cash investments in the club, I'd like to see
the adjustments to my tax basis due to the annual tax
allocations shown on the K-1 statements.

I realize (and appreciate) that bivio doesn't account for
this year end tax allocation through an actual distribution
of units (as NCA v1.04 did). However the equivalent tax
basis adjustment is still made and I don't see any report
that shows these adjustements.

If there's already a way to get this in bivio, please point
me to it. If not, please consider this a request for such a
report.

Thanks,
-Jim Thomas

Jim Thomas on

Ira,

> I think it's already there. Run "Member Tax Allocations" under reports.

That's part of what I'm looking for, but it's not an
itemized list. It only shows the total tax
allocation for a single year and it doesn't show any of my
club investments.

I'm looking for a "transaction log" showing every change in
my tax basis and
the date it occured. What I want is a single place I can go
to see a complete list
of the changes that go into the computation of my current
tax basis in the club.

-Jim Thomas

Rob Nagler on

Jim Thomas writes:
> I'm looking for a "transaction log" showing every change in my tax
> basis and the date it occured. What I want is a single place I can
> go to see a complete list of the changes that go into the
> computation of my current tax basis in the club.

I don't know if this is possible, but would you like to see the
numbers in your "Member Detail" page? This isn't my area of
expertise.

I believe tax allocations are computed annually, not continuously.
You can choose snapshot allocations, which means they can only be
adjusted once a year. Since taxes are only relevant once a year, I
think it might be hard for us to generate a report that contains the
level of detail you are interested in.

And, speaking in terms of priorities, would you prefer that we
investigate Access XML imports or this feature first. We adjust our
priorities based on complexity and user feedback. Thanks.

Rob

Jim Thomas on

Rob Nagler wrote:
> > I'm looking for a "transaction log" showing every change in my tax
> > basis and the date it occured. What I want is a single place I can
> > go to see a complete list of the changes that go into the
> > computation of my current tax basis in the club.
>
> I don't know if this is possible, but would you like to see the
> numbers in your "Member Detail" page? This isn't my area of
> expertise.

I think that would be an appropriate place.

> And, speaking in terms of priorities, would you prefer that we
> investigate Access XML imports or this feature first. We adjust
> our priorities based on complexity and user feedback.

Access XML imports would be a higher priority for me.

-Jim Thomas

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