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Tax question: carryover of losses
Club hasn't any realized capital gains this year other than dividends, but wants to sell a couple of losing stocks. Can we carry over to next year any unused losses to pit against potential realized gains next year? Thanks for help in this. Jo
2 messages
ML no longer supporting investment club accounts and Fidelity no longer opening new club accts?
We have our trading account at Fidelity and they have been work friendly. Have not heard they would like us to leave. Their link to Bivio functions well Sent from XFINITY Connect Mobile App Original Message From: Realto Nosky via bivio.com To: club_cafe@bivio.com Sent: November ...
2 messages
forcing withdrawal upon a partner
Note: Why not disperse to members NAME or members NAME: Estate of Deceased, Let the Trustee Channel to the proper ACCOUNT. PLEASE REPLY DON Don or Carolyn Original Message From: "Scott Freeman via bivio.com" [user*1595500001@bivio.com] Date: 10/31/2018 03:33 PM To: club_cafe@bivio.com Subject: [club_cafe] Re: forcing ...
2 messages
Transfer of Partner Interest to a Trust
Our Investment Club allows transfers to a trust. We have two members who want to transfer. However, we are unsure what the actual document they give to our secretary must say. Do we also need for them to complete a W-9 for the trust?
7 messages
forcing withdrawal upon a partner
If contacting other family doesn't get you what you want, contact your broker. You should already have the necessary information to open an account in her name and transfer the stocks and required cash to it. Send her a letter informing her that unless the ...
3 messages
Beginner Investing books
We have some new members in our club, who are brand new to investing, what are some good books to suggest to introduce them to all the lingo, like PE, and give them an idea what we are talking about. I am going to give ...
9 messages
Procedure to "Opt Out"
There have been questions from clubs on how they will opt out if their clubs are eligible to do so. There will be a place on the form 1065 where you will indicate that you want to opt out. There will also be a new ...
7 messages
Revised partnership agreement
If we use the sample agreement, do we use the original date of partnership, or the date we start with the revision? Or effective as of revision date, revision 1 (if we haven't revised before). Thanks for your help Mary Fran Novak Frisky Business Investment ...
2 messages
Wording for partnership agreement
Does anyone have suggestions for the wording in the partnership we need to add for the new audit rules? Colleen goings treasure..Women of WAuneta investment club.
6 messages
Club Disbanding
Some questions: 1. How does a club notify the IRS of the date of disbanding? 2. Can you use IRS form 7004 to request a 6 month automatic extension for filing the clubs 1065 form? (our Treasurer is taking an extended vacation) 3. I think ...
6 messages
tax basis on partial withdrawal
Is there a tax consequence on a partial withdrawal if the withdrawal has not exceeded the cost basis
5 messages
Payable on Death
Can a partner make his interest in an investment club payable on death to an individual or trust? Has anyone done this? Thanks, Scott
5 messages
Partnership Representative--verbiage for bylaws change?
We are wondering if anyone has copies of verbiage they have used for defining the position of Partnership Representative in their bylaws. We would appreciate not having to reinvent the wheel if the wording already exists and could be shared with us. Thank you, Rita ...
19 messages
disbanding
Double check the disbanding rules with IRS. I thought there was a new rule about needing to file a return within so many days after disbanding. Sent from my HTC Reply message From: "John Rice via bivio.com" <user*24380400001@bivio.com> To: <club_cafe@bivio.com> Subject: [club_cafe] disbanding Date: Mon, ...
3 messages
disbanding
We are thinking of disbanding this year I am thinking of doing it in Nov or early Dec. Convert every thing to cash and distribute at end of year. Problem our membership in BIVIO is up in Nov. Is there a prorated membership to get ...
3 messages