I sat down to do reports and tax forms in preparation for
our upcoming annual meeting. The first surprise with the
Form 8893, which we'd not had to file in the past.

But the real puzzler was the list of half of our portfolio
with a mandate to "Select the country for any investment
which received foreign taxes." I don't even know what that
means.

I think I found the 1065 Instructions that deal with it
(Foreign Transactions onn Pages 31-33. But even then, I
don't know where I would find what is being asked for. But
when I go to the Tax section on Bivio, there it is, I'm
presented with a list of 9 of the companies that we have
invested in during the year and I can't get past that screen
without picking a non-US country for each of them.
Interesting thing is that the two companies we own which are
domiciled outside the U.S. didn't make the list.

What do I do with this?

Bruce Lehnertz,
Central Iowa Profiteers (CIP)

Bruce Lehnertz wrote:
> But the real puzzler was the list of half of our portfolio
> with a mandate to "Select the country for any investment
> which received foreign taxes."
 
We've found some cases where AccountSync misrecorded backup
withholding as foreign tax withholding. I've opened a support request
for your club, and we'll correct the entries and send you an email
when you can prepare your club taxes.
 
Paul Moeller
bivio, Inc.