Re: club_cafe: Member WithdrawalNo. If a transaction dated prior to a withdrawal is modified (or added or deleted), bivio will make appropriate adjustments to every member who had an ownership share on the date of that transaction. However, the net dollar value of any withdrawals dated after the ...

Re: club_cafe: Withdrawals and Your Partnership AgreementThe information is correct, but is written in a very confusing manner. Jerry approaches each alternative from three perspectives: the withdrawing member, the other members and the club. In fact, there are really only two perspectives: the withdrawing member's and the other members'. Note the ...

Re: [club_cafe] withdrawal feeHi, Here are the instructions for entering a withdrawal: https://www.bivio.com/site-help/bp/Member_Withdrawal_Help The withdrawal fee is one of the pieces of information you include on the withdrawal form.A When you accept the entry,A bivio makes all the accounting entries you need to record things properly. Laurie Frederiksen ...

Re: [club_cafe] withdrawal feeThank you that is pretty clear. On Monday 25/08/2014 at 3:15 pm, Laurie Frederiksen wrote: Hi, Here are the instructions for entering a withdrawal: https://www.bivio.com/site-help/bp/Member_Withdrawal_Help The withdrawal fee is one of the pieces of information you include on the withdrawal form. When you accept the ...

Re: Partial withdrawalThe most important thing in my mind is that the withdrawals be handled in accordance with your partnership agreement. bivio's accounting for partial and full withdrawals is very straight forward. You may even make a practice withdrawal and back it out if you want to ...

RE: [club_cafe] Question about a withdrawalYou should send this question to support@bivio.com. If you or the treasurer looks up the report showing your adjusted basis you can see if there will be a taxable gain to report on your tax return due to the withdrawal. Bivio handles this quite nicely. ...

Re: [club_cafe] Question about a withdrawalYour club member valuation is based on the number of shares you have times the asset value per unit.A You will never have a -0-% unless you sell all of your units. Mark Eckman On Sat, Aug 17, 2019 at 1:40 PM Linda Wiltse via ...

Withdrawal Fees - Why and how much?Jerry, What is the deal with the rule in partnership agreements about withdrawing partners receiving 97% of the value of their holdings? Why not 100%? Why not 100% minus brokers fees? Camilo Ortiz Generally, there are two reasons why a club may want to charge ...

Re: [club_cafe] Re: Paying a withdrawing partnerWow, the remaining club members benefit from someone withdrawing.A If you have an all cash withdrawal there should be no fee.A Write a check or set up a bank transfer. John On Thu, Sep 22, 2022 at 7:01 AM ira smilovitz via bivio.com <user* 2883400001@bivio.com ...

Re: [club_cafe] Re: DisbandingLinda's comments regarding Cindy's post are correct. When you process a full withdrawal and transfer stock to the withdrawing member, that member does not assume the club's cost basis in the stock transferred. The member's stock cost basis is their club tax basis less any ...

Re: [club_cafe] FW: Estimating impact of charter member withdrawalsYou can calculate the CG impact on a withdrawing member by comparing their tax basis to their market value on the Member Status Report. If the difference (MV - TB) is positive, they have a capital gain, if negative, a capital loss. The withdrawal itself ...

Re: [club_cafe] WithdrawalsLinda, I understand now that when a member withdraws his tax return is prepared in the following year when he is long gone and so he does not share in that expense. I would agree with a fee to cover his share of the tax ...

Re: [club_cafe] WithdrawalsSince the withdrawing member is no longer part of the partnership, s/he is also not part of the subsequent tax return so should not be expected to share in the cost of its preparation. The only additional cost generated is the creation of the withdrawal ...

Re: club_cafe: Member Withdrawal - Accumulated InterestThe latter. Since the interest hasn't been credited by the withdrawal date, the withdrawing partner doesn't receive it. Conversely, a new member receives a part of any interest earned after the valuation date just prior to his joining up to his entry date. Ira Smilovitz ...

Re: [club_cafe] WithdrawalsLinda, With more than 50 members you have large costs for preparing and delivering tax forms. If one member withdraws in 2014, then in 2015 you will prepare and deliver tax returns including K-1s for all who were members at any time in 2014. If ...