Re: [club_cafe] stock filing bankrupsyHi, When a company files for bankruptcy, its shares are typically delisted from the major exchanges as it moves through the bankruptcy reorganization process.A They are not worthless, but they may not be worth much.A Many companies eventually cancel their outstanding stock when the bankruptcy ...

Re: [club_cafe] stock filing bankrupsyA bankruptcy filing is not a lawsuit.A Generally lawsuit settlements apply to shareholders of record on certain dates.A In that case, if you own the shares on those dates you'd be entitled to a portion even if you subsequently sell them. If you sell your ...

Dividend Reinvestment in ETFsWe finally received our 1099 from TDA. There is a $16 difference between "Total Ordinary Dividends" (Line 1a) and "Qualified Dividends" (Line 1b). I've traced the difference to the way I entered the dividend reinvestments for 2 of our ETFs (XLY and XLE). Apparently, a ...

Re: [club_cafe] NJ TAX FILINGYes, I have had much difficulty. First, you cannot file on an Apple computer. I knew this from past years and had a member bring a PC laptop over. There were so many security issues I finally called and got permission to mail the paper ...

Re: [club_cafe] NJ TAX FILINGNo, it's at the Division of Taxation website. I didn't realize that you couldn't use an Apple computer to file. Ira Smilovitz On Wed, Apr 8, 2015 at 12:12 PM, Liz Schambach via bivio.com < user*16341100001@bivio.com > wrote: Yes, I have had much difficulty. First, ...

Re: [club_cafe] A Pleasant SurpriseThank you. My debut, and finale.?! Roy "We make a living by what we get, we make a life by what we give." (Ronald Reagan, 8/8/1992) On Apr 30, 2015, at 4:10 PM, Laurie Frederiksen < laurie@bivio.biz > wrote: What do you know? CNBC was ...

Re: [club_cafe] Sole or Joint Trustees for revocable living trust as partnerScott - We have/had the same issue come up in my club where BOTH my husband and I are partners and joint trustees on a revocable living trust. My understanding as joint trustees, either one of us can transact business of the trust as a ...

Re: Partnerships surviving a partner leaving..Dear Steve, Most club handle members coming and going with addendums to their original partnership agreement. When someone is added, they have them sign a form such as is discussed here: https://www.bivio.com/club_cafe/mail-thread?p=75047300003#b_msg_75047300003 When someone leaves,A the date of their withdrawal is recorded with the partnership ...

Re: [club_cafe] Bankrupt CorporationWhen a company files for bankruptcy, its shares are typically delisted from the major exchanges as it moves through the bankruptcy reorganization process.A They are not worthless, but they may not be worth much.A Many companies eventually cancel their outstanding stock when the bankruptcy is ...

Cost Basis Reporting Terminology - Part 3Finally one last term you'll see on your 1099-B: Covered Securities These are your tax lots that the new cost basis reporting rules apply to. Brokers are only required to report cost basis information to the IRS on covered securities. When you sell lots purchased ...

Re: [club_cafe] Tax Program ReleasedWe are a NJ club that successfully filed, but I'm not the treasurer unfortunately.A And we are filed in Essex County, filed the extension and then was finally able to file electronically on April 14th when the site was announced by the NJ treasury as ...

Re: [club_cafe] Long term capital gains resulting from member withdrawalYes. "The Partnership" generated a taxable gain when it sold the shares and received cash. Each member must report their share on tax return. Had "The Partnership" transferred the stock to the withdrawing member, "The Partnership" would not have had taxable gain. Taxation of gain ...

Clubs Using ScottradeAs you may be aware, Scottrade accounts are being converted to TDAmeritrade accounts soon.A We have received several questions about what you need to do to handle this in bivio.A A Here is the answer: You will want to track your TDA transactions in a ...

Schwab Takeover of TDAmeritradeThe TDAmeritrade merger with Schwab was finalized on October 6.A AMTD was no longer trading as of October 7. I assume all of you who have TDAmeritrade accounts have received a note from Charles Schwab like my club did. They've set up a welcome center ...

TD Ameritrade withdrawal / transfer to a Schwab accountI am sitting on hold with TD Ameritrade (over a 90 minute wait currently). I tried the virtual assistant and the local branch but the former was not helpful and the latter was a big circus which got me back to the national 800 number. ...