Thank You for the fast response and action.

-----Original Message-----
From: club_cafe-owner@bivio.com [mailto:club_cafe-owner@bivio.com] On
Behalf Of Paul Moeller
Sent: Thursday, January 22, 2004 4:56 PM
To: club_cafe@bivio.com
Subject: club_cafe: RE: PDF File for Taxes

Squeo,Alessandro wrote:
> How do we account for tax free dividends. Should they be entered as
> qualified dividends?

Unfortunately you can't currently enter tax-free dividends for
investments linked to our price database. For unlisted investments,
you can select the "Federal Tax Free" checkbox when creating the
investment.

We will have this fixed on Monday morning, and you will be able to
edit the existing dividends and change the distribution type to
"Interest/Dividend, Tax Free".

> Also, if we pay a member a partial withdraw from our cash position for
> an emergency situation, how is the club affected tax ways? Do all the
> members have to pay taxes for the cash issuance.

The partial withdrawal will not have an effect on the other club
members. The member making the withdrawal will have a taxable event if
the withdrawal amount exceeds their tax basis in the club. The
withdrawal report for the member will tell you if this is the case.

Paul Moeller
bivio, Inc.