club_cafe: Club Tax Interview

iras1 on

In a message dated 02/03/08 4:08:06 P.M. Eastern Standard Time, jgreenb@bivio.com writes:

Fellow Bivos,

I have reconciled Etrade and Bivio to the best of my
abilities and running into several problems completing the
club tax interview.

1. It asks for the foreign country that each of our club's
international funds (ICEUX) and JAOSX) pay taxes in. As
these are both US based funds, I am not clear as to what to
put. I'm sure they must pay taxes in several. ???

Enter "various"

2. Several of the ex-dividend dates don't come up, e.g.,
Walgreens. Do I just enter the same date as the dividend?

No. You must look for the ex-dividend date. It is never the same as the transaction date. You can find them at earnings.com.

Also, in reconciling Bivio accounts with Etrade, I notice
that a fund may be listed on Etade's summary as having both
a qualified and nonqualified long-term capital gain. But
Bivio has no way of differentiating between the two. Is
this a problem for taxes? Thanks for any assistance !!!!!!

There is no such thing as a nonqualified long-term capital gain. Long-term capital gains distributions are reported as capital gains and not dividends on your tax return. You may have to edit each of your mutual fund "dividend" entries to establish qualified and nonqualified amounts. You may also want to speak directly with bivio support. They will not discuss account specifics in this public forum.

Ira Smilovitz

Who's never won? Biggest Grammy Award surprises of all time on AOL Music.

Judith Greenberg on

Thanks. Actually it is short term capital gains.

IraS1@aol.com wrote:

In a message dated 02/03/08 4:08:06 P.M. Eastern Standard Time, jgreenb@bivio.com writes:

Fellow Bivos,

I have reconciled Etrade and Bivio to the best of my
abilities and running into several problems completing the
club tax interview.

1. It asks for the foreign country that each of our club's
international funds (ICEUX) and JAOSX) pay taxes in. As
these are both US based funds, I am not clear as to what to
put. I'm sure they must pay taxes in several. ???

Enter "various"

2. Several of the ex-dividend dates don't come up, e.g.,
Walgreens. Do I just enter the same date as the dividend?

No. You must look for the ex-dividend date. It is never the same as the transaction date. You can find them at earnings.com.

Also, in reconciling Bivio accounts with Etrade, I notice
that a fund may be listed on Etade's summary as having both
a qualified and nonqualified long-term capital gain. But
Bivio has no way of differentiating between the two. Is
this a problem for taxes? Thanks for any assistance !!!!!!

There is no such thing as a nonqualified long-term capital gain. Long-term capital gains distributions are reported as capital gains and not dividends on your tax return. You may have to edit each of your mutual fund "dividend" entries to establish qualified and nonqualified amounts. You may also want to speak directly with bivio support. They will not discuss account specifics in this public forum.

Ira Smilovitz

Who's never won? Biggest Grammy Award surprises of all time on AOL Music.
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Judith Greenberg on

In researching ex-dividend dates on Google, I learned that companies
typically set the ex-dividend date two working days before the date of
record. As E*trade gives the date of record for each dividend, would it
be correct to use that date to calculate the ex-dividend date?

Judith Greenberg

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