Bivio setup - Member Earnings Allocated
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Bivio setup - Member Earnings Allocated I am trying to set up Bivio for a club that has been in existence for a while. Our treasurer has used a custom system he designed using spreadsheets. We are using a switchovr date of January 1, 2009 and I am trying to figure out how to set up member initial balances. We know how much each member has paid in, the number of units each member owns, and the current value per unit. We don't really have detailed records on Earnings Allocated ( actually for most members at this point, it would be losses allocated). Is there any way I can fill out the member initial balance screen using the data that we do have? Thanks in advance for your help! Hi Leonard, Just email us at support@bivio.com and we'll help you get set up. Laurie Frederiksen bivio Inc. You need to know the earnings allocated in order to get the correct tax basis for each member. What you need to do is get copies of all of the K-1s from all of the filed tax returns as well as any partial withdrawal reports and determine the appropriate amount for each member.
Ira Smilovitz
Join me at Invest Ed 2010
Investor Education at Its Best(TM) Baltimore, MD August 6 - 8, 2010 http://www.investor-education2010.org/ In a message dated 09/23/09 21:26:40 Eastern Daylight Time, ldelmolino@bivio.com writes:
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