| Re: [club_cafe] "Undoing" Withdrawal ReportCan I please get off your mailing list? Thanks. Hannah From: club_cafe@bivio.com <club_cafe@bivio.com> on behalf of Dan Cohn via bivio.com <user*32501700001@bivio.com> Date: Sunday, November 5, 2023 at 5:31 PM To: club_cafe@bivio.com <club_cafe@bivio.com> Subject: Re: [club_cafe] "Undoing" Withdrawal Report WARNING: This message has originated from an ... |
| Re: [club_cafe] "Undoing" Withdrawal ReportPlease use this link to unsubscribe from this list: Leave Club Cafe On 11/5/2023 9:19 PM, Alexander, Hannah via bivio.com wrote: Can I please get off your mailing list? Thanks. Hannah From: club_cafe@bivio.com <club_cafe@bivio.com> on behalf of Dan Cohn via bivio.com <user*32501700001@bivio.com> Date: Sunday, November ... |
| Question about withdrawal of a partner, tax return, and K-1Our partnership agreement places a partner's valuation date at the end of the month following the month the withdrawal notice is accepted. For instance, if a partner's withdrawal notice is accepted at the November 2023 meeting, then the partner's valuation date is December 31, 2023. ... |
| Partial withdrawalWe had a member do a partial withdrawal in the amount of $40,000 in Dec 2023. I believe I entered the withdrawal as instructed on the tutorial. In Accounting>Reports>Member Contributions and Withdrawals, it now shows his contribution in Q4 as -$40,000. It appears that it ... |
| Re: [club_cafe] Partial withdrawalSounds like a job for the folks at Support@Bivio.com On Sunday, February 25, 2024 at 06:58:09 PM CST, David Karbulka via bivio.com <user*26468500001@bivio.com> wrote: We had a member do a partial withdrawal in the amount of $40,000 in Dec 2023. I believe I entered the ... |
| 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 ... |
| 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 ... |
| Re: club_cafe: Member Withdrawal questionBERTRAM FRANCIS writes: > We recently had a member withdraw from our club. I entered > the full withdrawal, in cash, and it processed okay. The > withdrawal report was there for me to print. The problem I > have now is I will be ... |
| Re: club_cafe: Withdrawing MemberA withdrawing member's distribution is determined based on the values on the valuation date for the withdrawal. If you transfer stock, the additional cash is calculated as the difference between the stock valuation and the withdrawal valuation on that date. Any change in stock value ... |
| Withdrawal: Transfer of StockI understand the various tax consequences of different ways to pay a withdrawal. However, I am curious how the following example should be handled. Let's say a partner has decided to withdraw from the club and the partnership agreement is clear that remaining partners have ... |
| FULL WITHDRAWALA Partner is making a full withdrawal. I've read and sent most of the pertinent info I've found on the Cafe to the Partners. A few Partners do not believe the info I've copied below and want to see it in an IRS Pub. I've ... |
| Re: [club_cafe] Re: FULL WITHDRAWALDear Jay, The withdrawing members tax basis in the stock received will be his tax basis for his investment in the club minus the amount of any cash received. His gain when he ultimately sells the stock will be the difference between that and the ... |
| Re: [club_cafe] Re: Paying a withdrawing partnerIra reads it differently, and the agreement is not well written.A I read it as one deducts the lesser of 3% or the actual cost.A Ira reads it as paying theA valuationA amount less the larger of the two costs. (3% or actual selling costs), ... |
| 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 ... |
| 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 ... |