Hello, There is 1 member in our club that invested under his IRA. I'm assuming when i fill out the tax questionaire i should select his entity type as "nominee IRA" in the drop down. Thanks in advance for your help, Scott
Thanks in advance Do we have to put a name in for TMP on Form 1065, Schedule B? Also, is it necessary to mail 1099 from broker to IRS with K-1's and 1065? Thank you! Johnny
While compiling the forms for our audit I noticed the bivio gain/loss report does not match the folio gain loss statement in regards to the cost basis. bivio shows a gain and Folio shows a loss. How do we proceed? Thanks for your help Sue ...
It seems that many of you don't understand the sections of your 1099 - B where "Non-Covered" Securities are reported. They are sections B (short term) and section E (long term) Non Covered securities were purchased prior to the cost basis reporting laws being implemented. ...
Some of you ask why we recommend that you not invest in REIT's in your investment club. The answer is, because we want you to have simple accounting and record keeping for your club. Here's what you are up against if you invest in a ...
I meant to say I DON'T see how this can work Original Message From: Jim Thomas To: club_cafe@bivio.com Sent: Monday, February 17, 2014 9:01 PM Subject: Re: [club_cafe] Re: Tax copies I see how this can work with the free CutePDF Writer (which is just ...
Several questions regarding differences in transaction types noted by TD Ameritrade and bivio: Mattel Inc (MAT): broker lists as nondividend distribution and bivo as qualified dividend. Should this be a return of capital? The remaining stocks are listed by the broker as qualified dividend and ...
The 2013 tax program is now available for you to use to prepare your club taxes. You can get to it if you go to Accounting>Taxes Note that the tax preparation process requires several steps. Make sure you go through all the steps listed on ...
Hi, 3 questions: 1. When will tax forms for NY and NJ be available? 2. Will I be able to prepare forms for both NY and NJ at the same time without have to trick the system (last year I had to change the club's ...
In prior years, I was able to download the entire return as a file, and then each individual K-1 as separate files. I don't see that capability this year, only the entire return. How do I get each K-1 as an individual file? Thank you!
Bivio failed to pick up a fractional share of Neogen when it split 3 for 2. We received cash in lieu of .5 shares. Bivio will not let me add that cash when editing the split transaction. How can I add this amount? Further, our ...
One member of our club is the son-in-law of the of another member. Is this considered a "lineal descendent" for purposes of IRS definitions when filling out the form 1065 interview? They do not own more than 50% of the club together, so it should ...
I understand that paying withdrawing members in stock is the best option but how is this done with members that don't have brokerage accounts? Most of the members in my club are young and this is their first experience with investing. I'm sure this is ...
I filled out the questionnaire for generating our club taxes and checked that only two couples are related and listed as such on the questionnaire. However, when generating the K-1s, all members have the domestic partner box (H) checked. Is there a way to correct ...