Bivio will not return the correct amount for foreign passive
income on the club tax return forms. In the rather unhelpful
words of their tech support:

"Our software only reports passive foreign income for
investments which had foreign tax withheld." ...

"Thank you for using bivio,
Paul Moeller
bivio Inc."

They don't appear to be interested in fixing this, and I'm
not sure if it has a material impact on returns. But, my
amateur research indicates that the IRS expects you to
report all foreign income, taxed or not (and passive or
not). For what it's worth,

j cook