Does the bivio accounting tax program handle a club's
investment in a partnership such as Buckeye Partners LP
(BPL)?
Is the club's broker responsible in reporting to the club
the correct taxes due when the club submits to them a copy
of the K-1 received from BPL?
Roy Schnell

Royal R. Schnell writes:
> Does the bivio accounting tax program handle a club's
> investment in a partnership such as Buckeye Partners LP
> (BPL)?

Yes.

> Is the club's broker responsible in reporting to the club
> the correct taxes due when the club submits to them a copdy
> of the K-1 received from BPL?

BPL is responsible for giving you a K1.

We highly recommend you sell this investment as soon as possible to
simplify your accounting.

Cheers,
Rob