I'm not sure that I understand your problem. When I run a balance sheet for 12/31/02, I get exactly what I should. Balance sheets are typically prepared on a "historical cost" basis. If you are looking for a report that shows what each investment was ...
Does the withdrawing member use this row "Gain/(Loss) Realized on Withdrawal (B)-(A) " from the withdrawal report when filing for their own personal income tax? Tommy
We had two members withdraw from our club as of 1/01/03. We issued checks to each of them in late January and went through the "member withdrawal" procedure at bivio at that time, making the withdrawals effective 1/01/03. Now we have rec'd "identify debit" notices ...
How can you get a balance sheet for 12/31/02 that shows the investment balances as of that date? When we run it for 2002, the bank balance is correct but the investment balances are for today 2/5/02.
I don't work for bivio so I certainly can't say if they will fix it soon or not. In fact, I don't think there's anything that needs fixing. The problem isn't with bivio, it's with the complex interaction of the tax laws and REITs and ...
on line #2 (Capital Gain Distribution) of my 1099 I have listed an "unrecaptured sec. 1250 gain, how should that be entered into bivio? Bivio choices are: 1. Dividend 2. Interest 3. Short term Capital gain 4. Medium Term Capital Gain 5. Long Term Capital ...
NAIC recommends avoiding stocks where Institutional Ownership exceeds 80%. Conundrum: I've noticed that several stocks selected for the Stock to Study as well as stocks recommended by the NAIC Investor Advisory Service (IAS) exceed this percentage. While I realize that every rule has exceptions, what ...
1) The withdrawal report can be found through a link at the bottom of the accounting>>reports page. 2) Gain or loss on the withdrawal from the club is reported on Schedule D, line 1 or 8 depending on how long the person was a member. ...
In general, there isn't much difference between the K-1 an ongoing member and a withdrawn member receives -- the end of year percentage (line d) will be 0% and the final K-1 box (line i) will be checked. There will be entries on line(s) 22 ...
Does anyone know how a member's K1 should read if they withdraw out of the club during the year? Can they deduct the loss on their 1040 if their distribution is less then the total amount they put in or are they taxed on the ...
I would like to add my vote for Bivio having Backup and automatic Restore commands. Or call them Export and Import, as you wish. Computers and their hardware and buildings and equipment are easily destroyed. Computer data input people - me club Treasurer - make ...
In a message dated 02/03/03 2:08:07 AM Eastern Standard Time, mtr8613@bivio.com writes: Does anyone know how I am supposed to account for foreign taxes witheld on dividend payments? Just enter them in the foreign tax field when you enter the dividend payment. If this doesn't ...
Good luck! Obviously, you have to wait for the K-1 from the MLP to arrive. Figure that will be in early March. Then you will have to transfer the information from that K-1 to your Form 1065. You will probably have to prepare the return ...
How is owning shares in a MLP (Master Limited Partnership) going to effect doing the books for Tax purposes?? How will it effect the K-1's that must be distributed to every member?? I know I have to wait for the K-1 from the MLP but ...