If club is organized as partnership or LLC or any other format..Do we have to report unrealized gains by mark-to-market accounting? It means unrealized gains as of 31 dec will be reported as gains. and then account value as of 1st jan 2014 will be ...
Learning about investment tax issues is part of learning about investing. Here's a great overview of some things it's important to understand about capital gains and losses from our friends at the IRS. http://content.govdelivery.com/accounts/USIRS/bulletins/a83b23#.UzwrfO4tk9I.gmail Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! ...
signed up for a free trial back in 2008 and decided to stay with myiclub.com. However things have changed and I would like to try it again. I see my club I signed up 5 years ago is still out there as a shell. Does ...
Thanks for reply to my previous post. Investment clubs are made for active role of all members. But is is practically not possible for every member to participate in every stock purchase decision. some members like to play passive role or limit activity due to ...
Hi Everyone, The IRS just released guidance on taxation of transactions involving BitCoin and other types of virtual currency. Ira and I thought it was interesting. We thought some of you might find it interesting also: IRS Guidance on Taxation of Bitcoin and Virtual Currency ...
The programmers need to go back to the drawing board because the whole website is difficult to navigate and definitely not logical nor intuitive. Linda Sent via the Samsung GALAXY S(R)4, an AT&T 4G LTE smartphone Original message From: Laurie Frederiksen Date:03/24/2014 11:33 AM (GMT-05:00) ...
Dear Stu, Thank you for your request. I will pass it along. In the meantime, here's an idea that might simplify things for you. If you store your SSG's for each company initially in their own folder, then it would only take one step to ...
If i form investment club as LLC or LLP and it will be member managed but as I am a genious trader(ha ha!?) is it possible to split profits differently than capital allocation. Example 2 members club. Capital investment will be 50% each. but year ...
The Autumn Chase Women Investment Club sold 69 shares of LOW stock on 02/06/13 and retained 7.778 shares. The shares held and price per unit/share agree in Bivio and Broker as of 2/28/14. The total cost and market value differ. Bivio's total cost is $175.67 ...
Your Quest for Positive Relative Returns graphs have been updated through the start of the year. We are now in the process of updating them through May 1. If your investment club graph hasn't been updated yet, let me know and we'll move you up ...
As you can imagine, we get a lot of questions this time of year as clubs prepare for tax preparation. That is good. We are glad people are working to correct their records so they won't file incorrect taxes. But there are sometimes issues that ...
On rare occasion we have a member of our club withdraw. The majority of our members prefer to pay out in cash instead of selling or transferring stock to process the withdrawal. Lately we have been discussing setting aside a portion of our monthly dues ...
I just ran a draft copy of my investment club 1065 for review. It included the 1065, Schedule D first page, 8949 2nd page, 17 K1s, and Schedule K. I then went to the expert taxes Line and downloaded the Schedule D, 8949, Portfolio Deductions, ...