I am aware that the stock data downloaded from Better Investing for use in Toolkit 6 has been "adjusted" or "normalized". What I would like to know is whether, as a subscriber to this data, there is a website where I can learn what adjustments ...
I am preparing from 3 and form 3-K for Massachusetts taxes. We have had some withdrawals from the club and I am puzzled as to how to record the distributions on the individual form 3-Ks. There is no place for doing this on the form. ...
The taxable gain (or loss) associated with a withdrawal from a club is measured from the date the member joined the club. You do not track the date of each contribution to the club separately. Ira Smilovitz In a message dated 2/12/2012 2:11:37 P.M. Eastern ...
In a message dated 3/28/2007 12:35:48 P.M. Eastern Daylight Time, dbd1979@bivio.com writes: Hello, We had couple of members leave the partnership and received cash distribution. The distribution received by each member was greater than the initial investment they made, which means that it was a ...
I registered our Parntership in Massachusetts, but i have recently moved to New York. Since I am in charge of the partnership, does that mean I need to change the address of our partnership to NY?
You only need to refer table 8-1 if the stock doesn't trade in the US or trades only on the "Pink Sheets". Any dividend paid by a foreign corporation whose stock trades on a major US exchange (NYSE, NASDAQ National Market, AMEX, Boston, Chicago, Cincinnati, ...
Laurie suggested I post this information out to the club-cafe list. I invite you to attend my presentation on the why's and how's of international investing. International Investing Webinar Monday, February 13, 2012 from 9 PM to 10 PM Eastern Instructor: Sharon McAllister Webinar registration: ...
Our club has 3 foreign stocks. How do I find out if the dividends are qualified or unqualified so that I can enter that info into your tax questionaire? Do you think the TDAmeritrade statement will have that info when it comes out later in ...
Has anybody else out there found this? For the past several years, and it's happening again this year, I'm an investing genius during March and February. My portfolio is way up. Of course, who wants to sell then? Things always do seem to fall back ...
We believe that there are many clubs and investors having a whole bunch of fun while learning on this journey and offer our fifth annual contest results as Exhibit A. Five years of our Groundhog Challenge and 58% of participants have outperformed the Wilshire 5000 ...
There is no such IRS rule. FIFO is the default. You may have things backwards. If you switch to average cost basis, you must continue to use average cost basis for all holdings of that security. There is no tax code requirement that every holding ...
Almost, but not quite. If you used average cost basis for mutual fund shares which you sold prior to 2012, you have (had) to continue to use average cost basis. If you sold some shares using FIFO or specific lot identification, you can switch to ...
It doesn't matter in tax-deferred accounts since there are no capital gains in those accounts. Any distributions will be taxed based on the value of the distribution reduced by any allocation of basis in the account to that distribution. Note that basis in a tax-deferred ...
Hi All - My club is looking at purchasing Seadrill Limited (SDRL) and I want to make sure this stock won't cause us any weird tax problems. Any info would be appreciated. Thank you! Andy