We are interested in adding a new member or two to our club. We decided early on that we wanted to keep equal percentage ownership in our club for all members so that we won't run into issues where somebody with a higher percentage ownership ...
I just got our 1099 from one of the companies we purchased stock from directly. Their 1099 shows Ordinary dividends, Capital gain distr, qual 5-year gain and Unrecap Sec. 1250 gain. How do I enter these in Bivio in order that our 1065 will match ...
Our club had a Five Year Capital Gain. It is listed on the Capital Gains and Losses Report available after the yearly distribution. This number does not show up on the 1065 or on the individual K-1s as a Qualified 5 year gain on line ...
I have two questions. We have a member out of state, for a club residing in Illinois. My question is regarding income allocation. My understanding is that since the partnership is an Illinois entity, just as an individual in Illinois, that all income and expense ...
Do investment club members need to file Schedule E with their 1040s? Or is all investment club activity reported solely on Schedules B & D? Thanks, Sam
In trying to do our club's taxes does anyone else have any porblem with having line J automaticay fill in on the schedule k-1s. It has to do with the capital accounts of the club. Is there something I need to do to make that ...
What is the correct method to calculated our investment portfolios annual return? Do we use the reports that show "Average Annualized Refurn"? Is that a correct method? Or do we use the change in NAV from Jan to Dec 31? Thanks
On 1-28-02 Buy and Hold made an announcement that they were being acquired by Fahnestock Securities. Also in this announcement they reported that their parent company was filing for chapter 11. The question I have is what does this mean for the current account holders ...
Do you know if there are any programs out there akin to the NAIC's SSG (Strategic Stock Guide)? Our club has been using this for some time and probably need to upgrade but we're not too happy with it right now and would like to ...
When our club prints our K-1's it defaults to Ogden UT as the "IRS Center where partnership filed return:". In reality, we file with the Fresno, CA IRS Center. Can this be changed?
Is there any "short list" online that will let me know what expenses are deductible on our taxes? For example, stock study software, bivio fees, investing classes, mailing costs, etc. I don't want to make a mistake. Thanks, Mary E.
Our club is thinking about setting up a website. If any of the other clubs out their have sites and would be willing to share the addresses so we could get some ideas we'd appreciate it. Thanks!
I'm wondering what other out here use to keep track of their own portfolio? I have Bivio for our club But I need something for my own portfolio any Idears?? Thank you! Dale