My club officially disbanded last year. I have printed the K-i's and the 1065 and downloaded/archived all the club info from Bivio. Our Bivio subscription expires on 4/15. Question 1: What do I have to do by way of cleanup on Bivio? Question 2: If ...
> Lynn has it almost precisely correct. Now see? That's why we need you! <G> > You adjust your basis in the new shares by increasing it by the > amount of the deferred loss. So my question is, would there be any good reason ...
can i sell some of > my shares of HRH (at a loss) and turnaround the next day and > buy some shares at the current price? or do i have to wait > 30 days? if so, why? thanks for any help. kim >>Hi ...
i'm not really familiar with wash sales so here's my question. i have some shares of HRH that i bought at close to $40. right now it's NAV is about $32. can i sell some of my shares of HRH (at a loss) and turnaround ...
Hello Cafers: Our club is going to sell 2 stocks this month to pay off 2 departing members. I consider one stock "good ridance", but I'd like to recommend that we wait 31 days and start buying the other one back. If we do that, ...
i may have to call the FTB but i figured i'd ask my questions here first. FIRST: in my state tax book (CA), it states that the principal business code (supposedly the same # for federal) for investment clubs should be 523910. however when i ...
I notice on Yahoo today Adobe is selling for about 33 per share, yesterday was about the same. But our account valuation report shows 48 per share, what gives? Steve
i just realized (lamely!) that we have to file state tax forms. (california) i was just wondering if anyone has found that they have to make adjustments, or if the information is pretty much the same on the federal and the state forms. btw, our ...
Two comments As a general partnership you do not file IT-204-LL and do not pay the filing fee. As a NY partnership, you must list ALL partners on IT-204-ATT, not just the NY partners. The instruction to list only NY partners applies to "foreign" partnerships ...
My Club is a general partnership formed in New York State with members in New York and CT. I am aware that I need to file the form IT-204 and IT-204-ATT for the NYS members, but do I need to file and pay the IT-204-LL ...
The State of NJ has issued a document summarizing all of the changes as they apply to NJ partnerships. It can be found here: www.state.nj.us/treasury/taxation/archived/partnotice.htm Among the important issues which have NOT been discussed to death already: 1) All partnerships which are not Qualified Investment ...
Is there any way I can backup the information about our club, i.e. Members, Investments, etc., to a CD or a Zip drive. If so where can I find the directions? Is the information in Downloading Files with Internet Explorer? Thanks for your help, Charlotte
>>Does anyone know how "Small Partnership" is defined in section 6231(a)(1)(B)(i)? Is the text of that section available on the internet? In particuar, is it possible to be a "Small Partnership" if you have more than 10 members? Section 6231. Definitions and special rules (a) ...
Even with 3 members, you are eligible for consolidated audit treatment, *IF* you make the election to be subject to it. According to the instructions for Form 1065, checking the box for Question 4, Schedule B is not sufficient. You must make the election separately. ...