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] Re: Member WithdrawalIra, I give the person withdrawing a withdrawal report when they do the withdrawal but not when I do the taxes.A Why give them another withdrawal report when I do the taxes?A The K-1 is what tells them what is taxable income. John Rice On ...

Re: [club_cafe] Member WithdrawalHow do I add our bank account to sync in Bivio? On Mar 18, 2024, at 1:58 PM, Peter Dunkelberger via bivio.com <user*26984900001@bivio.com> wrote:  How do you expect Bivio to record the payment of the withdrawal if your bank account is not part of Bivio? ...

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 ...

Re: [club_cafe] withdrawal fees/languageI am guessing that Ira will ask the same thing: Why charge a partner 5% to withdraw his/her own money when there is nearly no cost to do so? I have said in the past, rules like this reward partners who outlast everyone else because ...

Re: [club_cafe] Member WithdrawalHow do you expect Bivio to record theA payment of the withdrawal if yourA bank account is not part of Bivio?A I don't know quite what you mean aboutA linking your bank account to bivio--I don't think that you can expect Bivio to link to ...

Re: [club_cafe] Making Payments to Active Members, not Withdrawals?It's not bivio that determines how and when the capital gains are accounted for -- bivio reflects the IRS rules that govern this. On Tue, Jun 23, 2020 at 9:04 AM Glen Mallette via bivio.com <user* 18190000001@bivio.com > wrote: I you have to sell stock ...

Re: club_cafe: Member withdrawHi Johnny, The first thing you must do is to prepare the members withdrawal form. You get to this by going to Accounting|Members and selecting withdrawal. The transaction date should be the date of the check that will be issued, and the valuation date should ...