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Medtronic (MDT) Tax Joy
Medtronic moved overseas to avoid paying their own taxes, A but they continue to create tax issues for those of us left behind. If your club owned Medtronic last year, A you were first hit with capital gains to report when they moved overseas. Now, ...
7 messages
Questions About Account Sync Brokers
Request details on ease of dealing w Schwab, Foliofn, Fidelity, Options Express, or TD Ameritrade? (Already have Scottrade and no checking account now. And I have Etrade through another club I am treasurer for but want to verify info on other AccountSync brokers before I ...
7 messages
checkwriting
The bank is local and they can help us with any other financial matters. There is no fee involved as long as we keep $300. in the account. Like I said, this is what works for us and reconciling 2 accounts is no problem at ...
2 messages
checkwriting
This is what works for our club. We collect member payment checks at our monthly meeting. If someone knows they will be gone ahead of time, they get them to the treasurer ahead of time. If we have all the checks at the meeting they ...
3 messages
checkwriting
Comforting to hear I am not the only treasurer dealing with members who forget the penny amount, or write it in on the amount line and not on the word line.A With over 50 members it is a chore to peruse every check.A Then you ...
7 messages
Folio Accounting
Our newly formed club has sent checks via their bill pay to Folio. How do we reconcile who sent what since your transaction history does not list the name of the person. One of the checks did not post to our account and Folio cannot ...
6 messages
Rockwood Holdings
Our investment club had an investment in Rockwood Holdings that was converted to Albemarle. I can't figure out how to put the conversion in to get the LTCG to show up correctly on our 1099-B statement. It is showing up, but the amount doesn't match ...
2 messages
club tax records
How many years must club tax records be kept?
5 messages
Cognizant Mini Tender Offer via Scottrade
Continuing discussion from another forum. So apparently Scottrade transmits this third party offer to stockholders, where neither Folio or Fidelity do. What are the ethics of a broker choosing to forward (Scottrade) or not forward (Fidelity/Folio)? I had never heard of such a thing. Per ...
2 messages
Question about lineal ancestors & lineal descendents
I have a question about the lineal question. In my club we have myself and my two children, my brother and his wife and child. Do I include everyone together even though I am not blood related to my sister-in-law? Or do I click on ...
3 messages
IRS Forms
Most of the federal forms that print out from Bivio INCLUDING K-1's need to be sent in. Do not send in the withdrawal reports. Those are only for the member to do their taxes. The state return also must include the state k-1. Sent via ...
4 messages
IRS Forms
Note:What forms do we send to the IRS, 1065 Partnership, Do they need copies of members personal K-! or any other INFO. DON
1 message
Ordinary and Qualified Dividends for Mutual Funds
Hi, I belong to a club that shares in several Vanguard Mutual Funds. Each month, I record the dividends received in various accounts as ordinary dividends. Vanguard just sent me the 2015 Form 1099-Div that provides the total dividend distribution (ordinary and qualified) for each ...
4 messages
Taxes 2016
Our club is in NYS and one of the members lives in NJ. We need to generate NJ K1 tax form for this member ?
2 messages
Reconciling Form 1099
Laurie, et. al., Just got my 1099 from Folio. The qualified dividends came out to the penny but I have a slight difference between short and long term gains/losses. On short term loses bivo shows $152 while Folio shows $134, difference of $18. For total ...
2 messages