Member withdrawal - cash and security
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Member withdrawal - cash and security Our club will transfer one block of stock and enough cash to equal her shares on March 31. We own a company and there are 3 blocks of stock. There is an initial purchase followed by a split where the basis is zero. The third block was purchased several years later. When I do the basis calculations for my own companies, I divide the cost between the initial shares and the split shares. As I look at Bivio, I'm not sure the math will be the same as my calculations. Any advice? Carol N Concord Area Stockholders If you entered the split correctly in bivio, the basis of block 1 was divided between blocks 1 and 2. bivio will handle the payoff correctly.
If you have any doubts, you can use your demo club to test out the transactions or you can contact bivio support. They can look at your data directly to see if there are any problems.
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 04/18/10 21:50:47 Eastern Daylight Time, cnelsonnh@bivio.com writes:
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