The bivio method is "better" in that it is less confusing. If a club had a loss for the year, you would take units away. Under certain extreme conditions you could get very weird results. Both of ICLUBs software products now allow you to choose ...
Check each of the transactions in your bivio e-trade and fifth/third accounts against the statements from the broker and bank. You recorded one or more transactions into the wrong cash account. As you check the entries, you'll probably find the missing $28.26. Ira Smilovitz In ...
It happens on 12/31. Compare the tax basis for each member on 12/30 with that on 12/31. Ira Smilovitz In a message dated 02/07/08 1:11:58 P.M. Eastern Standard Time, g_cudd@bivio.com writes: At what point in the end of year processing does the tax allocation actually ...
on my balance sheet under assets on bivio says that e-trade has$3671.46 my etrade account actual cash is $1286.13 also fifth/third cash is actually $200.13, bivio says its($2156.95) If the 2 bivio cashes are totaled up they are within $28.26 of each other unless the ...
At what point in the end of year processing does the tax allocation actually post to the members individual account. tax basis get altered. When I look at the tax basis on 12/31/07 and then in January, it is the same. Do I need to ...
I assume you mean 12 (2x6) club years, since bivio has not been available for 12 calendar years. Ira Smilovitz In a message dated 02/06/08 8:56:32 P.M. Eastern Standard Time, aklages@triad.rr.com writes: I made my suggestion based on the fact that I have been treasurer ...
You should do what's right. How have you determined which is correct? Ira Smilovitz In a message dated 02/06/08 7:28:50 P.M. Eastern Standard Time, smith1129@bivio.com writes: E*Trade has listed all of our dividends as qualified. Bivio lists several of them as not being qualified. Bivio ...
From what you posted, you've made the correct decisions. Ira Smilovitz In a message dated 02/06/08 8:43:44 P.M. Eastern Standard Time, smith1129@bivio.com writes: IraS1@aol.com wrote: > You should do what's right. How have you determined which is correct? > > Ira Smilovitz > ...
E*Trade has listed all of our dividends as qualified. Bivio lists several of them as not being qualified. Bivio seems to have it right. Should I just use what bivio says and list both qualified and non-qualified for tax reporting and not match the broker ...
No, you should not alter your records to match the broker's unless you know that the broker is right. You may find that the broker will issue a corrected 1099. Even if it doesn't, it is the taxpayer's responsibility to report his taxable income accurately. ...
Yes. Ira Smilovitz In a message dated 02/06/08 1:44:50 P.M. Eastern Standard Time, amigos4@bivio.com writes: CNI paid a $10.82 dividend on 12/31/07. Broker posted the transaction on 1/2/08. Because the transaction appeared on our January 2008 statement from the broker, I entered the transaction date ...
CNI paid a $10.82 dividend on 12/31/07. Broker posted the transaction on 1/2/08. Because the transaction appeared on our January 2008 statement from the broker, I entered the transaction date in bivio as 1/02/08. As a result, our 1099 from TDA does not reconcile with ...
Ira, My message may have gotten lost in all the replies to the editing of the qualified vs non-qualified dividends issue. Your method worked and I thank you. Roy Williams
Go to the accounting>Investments screen. To the right of the listing for XLF, click on the "info" link. At the bottom of the page, set "qualified dividend" to "not qualified". You can then edit the individual transactions and make some or some part of them ...