Hi I have started a club a couple months ago and sent in the paperwork to the state and broker for the investment club. My question is, when a new person joins do I have to inform the broker of the new member Thanks, Jason
Is there data available that shows relative composite investment performance of actively participating NAIC clubs? We are seeking data regarding the top, average and lowest performance to be utilized as a benchmark. Also, what percentage of NAIC clubs use on-line brokers?
"A flat rate for x trades should be logged as a deductible investment expense and not commissions. A commission is included in the cost basis of a stock only when it is directly tied to that transaction. " After re-reading your answer I think I ...
Thank you very much for the advice. At mystockfund.com you purchase stocks on an autoinvestment schedule at .99 per trade with a max of 10 different stocks to equal their monthly minimum comission fee of 9.90. The amount desired to invest in just the stock ...
A flat rate for x trades should be logged as a deductible investment expense and not commissions. A commission is included in the cost basis of a stock only when it is directly tied to that transaction. That is, you paid the commission because you ...
A monthly trading fee is a deductible expense. If the $9.90 fee is associated with a specific stock transaction, then it is a commission which adds to the cost basis of the stock purchased or decreases the sales proceeds of a sale. Ira Smilovitz In ...
What would be the best way to enter the comission fee? Our commission fee of 9.90 a month gets automatically withdrawn from our checking account and we do not pay for commission from within our brokerage unless we make a real time trade. The 9.90 ...
Hi everyone.. I am looking forward to becoming part of the bivio team. I have recently formed an LLC that as part of the process.. I needed to provide a list of members.. Same thing with opening the ic brokerage account.. my question is this ...
Lynn's response was far from trite and useless. In most state's there are other requirements for LLCs other than having a written operating agreement. You often have to pay annual registration fees to the state, in some cases as much as $800/year. LLC's often have ...
Enter the stock dividend as a 1.05:1 split. Then enter a sale of the fractional shares received for $4.42. Ira Smilovitz In a message dated 06/15/2008 8:44:37 A.M. Eastern Daylight Time, wecanpp@bivio.com writes: I need some help recording a stock dividend. We received 5 additional ...
I need some help recording a stock dividend. We received 5 additional shares of Valley National Bank at no cost. As part of the same transaction, we received $4.42 as cash in lieu. I would appreciate any guidance. Thanks so much.
AccountSync should pick up the fractional share sale, but the transaction may be delayed by a day or two. If not, just enter it as an ordinary sale of 0.xxx shares for $y.yy. You can leave the commission amount as $0. Make sure that your ...
I made an error and sold the wrong stock. I bought it back the next day, but the wash rule is in effect. Does Bivio automatically take this into account at tax time or is this a manual adjustment? Thanks.
we sold chico's and washington mutual and have fractional shares. broker sold them and i'm not sure i'm entering them correctly. i went to Investments, hit Sold, filled in the amounts, unable to fill all the squares because broker just gave us a special deal. ...