My club bought a REIT last year and we now have section 1250 gains. I do not see this option where I input income distributions. What category should I use?
John, There are a number of inaccuracies in your reply. As I posted earlier, there is nothing on line J, because most investment clubs do not have to complete it. See the instructions for Schedule K-1. To determine the gain or loss, you do NOT ...
i have read through the irs pubs but am still having a hard time understanding a consolidated audit. we now only have 3 members in our investment club but we do have a general partnership agreement. are we eligible for this? what's the difference? also, ...
Hello everyone. The Good Success Investment Club will be hosting a financial seminar on Saturday, March 15, 2003 in Brooklyn, New York. 10am - 3pm Topics include: Estate Planning Debt Reduction FInancial Planning and many more. If you are interested or know of anyone that ...
The state says that we will be able to file on the web after March 17th. Will it happen? Who knows. The CCH Computax software will cost you $1000 to use. (That's right -- $1K). You can get it on a pay-per-return basis for about ...
Does anyone have more information regarding electronic filing in New Jersey? Went to this link http://www.state.nj.us/treasury/revenue/partnerships.htm Can we assume that we will be able to file on the web? If we file on the web, do we have to wait until March 17th??? If we ...
Jim, I think it's already there. Run "Member Tax Allocations" under reports. It is the same as a NCA/NOCA DOE report. Ira Smilovitz In a message dated 02/25/03 8:33:28 PM Eastern Standard Time, jimt@bivio.com writes: I'd like to have a report that shows an itemized ...
How do I post dividends in the form of Stock? I do not want to post as regualr dividends as these are taxed in the taxable year, I need to post as a DIvidend but in shares only. My understanding is that the cost basis ...
Why would a company change their symbol from ADLT to ADLQE. I think the E has been added because they have been de-listed right? But why the "Q"? Thanks, Ellen
I'd like to have a report that shows an itemized list of changes to my tax basis in the club over the years. In addition to my cash investments in the club, I'd like to see the adjustments to my tax basis due to the ...
>>Should the final K-1 of a departing club member display a zero in box (Je) of the K-1 "Capital account at end of year". If so, how do you reflect the amount of any unrealized loss on the books of the club relative to that ...
Should the final K-1 of a departing club member display a zero in box (Je) of the K-1 "Capital account at end of year". If so, how do you reflect the amount of any unrealized loss on the books of the club relative to that ...
I'm experimenting with looking at the data in an exported XML file from my club. When I take the XML file and import it into Microsoft Access XP all the stock valuations end up in a separate table with no key to associate them with ...
There are at least two distinct situations that would lead to a stock being 'worthless'. 1) Enron and Kmart still trade. However net proceeds from a small position (less than 500 shares) usually do not exceed the brokerage commission on the trade, and therefore there ...