Our club (Fun Y Money) has voted to disband and we have
made all our assets liquid. I understand how to disenroll
the memebres one by one drawing down the cash account. The
dilemma I foresee is that we'll need to file K-1 and 1065
for 2009 in 2010! Unless We can pay for the software in
2009, there will be an expense in 2010 taht can never be
used to offset club gains (modest though they may be). Any
ideas on how to handle this or does the good ole
Treasurer(me) just eat it.

Thanks in advance,
Bob

Thanks for the prompt response Ira. Does Bivio Support
track this forum or should I contact them directly?
Bob

iras1 wrote:
> bivio provides tax modules as part of your annual subscription so there shouldn't be any additional charge. If you don't complete your distributions by 12/31/09, you will need to file a 2010 return. However, you can (and should) file that return in early 2010, using the 2009 forms. I believe, but bivio support can confirm, that bivio will produce the short-year final return for you once the withdrawals are complete.
>  
>
>
> Ira Smilovitz
> Join me at InvestEd 2010
> Investor Education at Its BestTM
> Baltimore, MD August 6 - 8, 2010
> http://www.investor-education2010.org/
>  
>  
> In a message dated 10/23/09 18:58:17 Eastern Daylight Time, bobhaas@bivio.com writes:
>
> Our club  (Fun Y Money) has voted to disband and we have
> made all our assets liquid.  I understand how to disenroll
> the memebres one by one drawing down the cash account.  The
> dilemma I foresee is that we'll need to file K-1 and 1065
> for 2009 in 2010!  Unless We can pay for the software in
> 2009, there will be an expense in 2010 taht can never be
> used to offset club gains (modest though they may be).  Any
> ideas on how to handle this or does the good ole
> Treasurer(me) just eat it.
>
>
>  
>