RE: [club_cafe] Withdrawal QuestionWhen I took over as treasurer I had all sorts of issues with those dates and the way we did our payouts. It was complicated by people who took weeks to deposit their checks. I had the club rewrite the bylaws to specify the valuation ...

Re: club_cafe: Re: language for bylaws on withdrawing membersI like 10 days. There is no reason for any delay once the withdrawal contents have been fixed. As it is, the withdrawing member has from the date their withdrawal letter is submitted until the next valuation date to supply their information before the withdrawal ...

Re: help needed on how to i un-withdraw a member?Mike Taylor wrote: > I paid out a member on his withdrawal from our fabulous > club but made an error in the withdrawal amount in Bivio, > but the correct amount was transferred from the bank account > - and so the records don't ...

Re: [club_cafe] Withdrawing memberTHere are the tax consequences for the club and for the member if a partial withdrawal is paid with stock: Cash Versus Stock Partial Withdrawal Payout It is different for a full withdrawal payout. Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! ...

Re: [club_cafe] Withdrawing some cashKaren: Is your question how to insert the partial withdrawal in BIVIO? It is relatively simple. Use the Help menu for guidance. If your question is deeper than that, Your bylaws should spell out how partial withdrawals are to be done. if they don't then ...

Re: Withdraw member questionDavid, Thanks for your help, however we used the broker, Scottrade, to cut the check out of cash that was in the account and not invested (we didn't have to sell anything to pay the member off). Since I already withdrew the member by going ...

Re: [club_cafe] WithdrawalsHi Linda, It is a good point that there may be some expense involved with tax preparation for the withdrawing member.A It does seem though that $100 is a pretty large amount for that to cost.A If it does, I can see why you'd want ...

Re: tax consequences of stock to withdrawing memberValrie: I cannot provide you copies withdrawal reports and K-1s from my club, but you can create your own by performing a withdrawal using the demo club in your bivio account. As far as the tax consequences of transfering stock that has an appreciated value ...

How to transfer stock to withdrawing members of a club.Recently Tim K. Kessler asked Our club's by-laws allow the transfer of securities to a withdrawing member. However, most of our members do not have brokerage accounts and invest in the stock market only through our club. How does a club handle a withdrawal for ...

ADDENDUM TO THE PARTNERSHIP AGREEMENT��ADDENDUM TO THE PARTNERSHIP AGREEMENT OF THE LUNCH MONEY INVESTMENT CLUB Addendum # 16 This is an addendum to the original Partnership Agreement of the Lunch Money Investment Club and all prior addendums. It is effective September 20th, 2006, approved by unanimous vote of all ...

Re: Member Withdrawal-Tax implicationsIra, 1.) Where would one find the withdrawl report? 2.) What IRS form would a member use to report the loss ? Thanks! Chris IraS1@aol.com wrote: > In general, there isn't much difference between the K-1 an ongoing member and a withdrawn member receives -- ...

Re: club_cafe: Confusion over withdrawal reportIf the cash portion of Sam Chase's withdrawal is greater than his adjusted cost basis in the club, the extra cash is a capital gain and the stock(s) transferred as part of the withdrawal assume a cost basis of $0. Since you don't provide the ...

Re: [club_cafe] What should be the valuation date for a full withdrawal?Dear Len, The rationale behind letting some time pass was to discourage frequent withdrawals by members trying to time the market. Just like a mutual fund, it's difficult to operate an investment club if money is being withdrawn from the club too frequently. Laurie Frederiksen ...

RE: [club_cafe] withdrawal reportYou do not need to do anything with the withdrawal report aside from giving it to the member. Hopefully his tax preparer will know what to do with it. The k-1 for that member should have FINAL checked at the top and should show a ...

Member made partial withdrawal in 2017One of our members made a partial withdrawal in 2017. I have the withdrawal report from Bivio and have attached the report to this message. How do I figure out how much capital gain she had? Is it the profit number at the bottom of ...