| Re: [club_cafe] Member made partial withdrawal in 2017Thank you for your response!A I checked the numbers on the report when she made the partial withdrawal, and they are correct, and I concluded the same as your response. I suppose your answer begs another question.A Her account balance was north of $8300 at ... |
| RE: [club_cafe] Question about a withdrawalI have a basic question. How does Bivio calculate the share valuation and number of shares for the club and each membera€(TM)s value?A In other words, what is the formula? Thanks Norm C Blizard, SCSIC From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Mark Eckman via bivio.com ... |
| Double Payment or Withdrawal EntriesWe sometimes get questions in support asking what to do when amounts for member payments or withdrawals have been entered twice in your records. Usually this happens because you enter them manually (when you receive checks or enter a withdrawal), and then when the checks ... |
| Partial Withdrawal TaxationThis is why you need to send your question to support, not to this list.A It sounds like you are misinterpreting something.A Unless we can discuss the specifics of what you are looking at and what you are seeing, A it is hard to answer ... |
| Re: club_cafe: Member Withdrawal-Tax implicationsIn general, there isn't much difference between the K-1 an ongoing member and a withdrawn member receives -- the end of year percentage (line d) will be 0% and the final K-1 box (line i) will be checked. There will be entries on line(s) 22 ... |
| Re: club_cafe: member withdrawalIn a message dated 6/16/2007 10:03:16 A.M. Eastern Daylight Time, jchiggins@bivio.com writes: How do I enter a member withdrawal and NOT have our account debited twice? Once when I run the member witdrawal report and again when the withdrawing member's pay out check clears the ... |
| Re: Re: Paying out a resigning memberThanks Rip for the clarification. I did not think about a withdrawal fee as our 21-year old club has never had a withdrawal fee, and I seriously doubt would ever do so. We want willing partners and would not want to penalize anyone who felt ... |
| RE: club_cafe: withdrawal feeWe have no withdrawal fee for "normal" circumstances, including death. We simply return to the member what his share is worth at the requested withdrawal date and in accordance with our Articles of Agreement. Our club has been in business for more than 50 years. ... |
| Re: club_cafe: Member Withdrawl PoliciesI'm with Stu. Our club has no withdraw fee and I personally wouldn't feel right about it. We've made it clear that if an emergency arises and you need the money you are free to withdraw it. Now, that being said, we do have policies ... |
| Re: [club_cafe] member withdrawalOur $50 initiation fee pays for the software each year.A Our 5% (voluntary withdrawal-no fee for death) discourages using the club as a savings account. We're all elderly seniors and have a high turnover. On Sun, Mar 5, 2017 at 12:22 PM, Marie-Anne Reilly < ... |
| Re: [club_cafe] Withdrawing memberThe part that's different is the cost basis for the stock in the partial withdrawal.A This comes into play when the person sells the stock.A It's different from the cost basis for a complete withdrawal.A As I recall (it's been a while) the cost basis ... |
| Reporting Partner Withdrawals on the K-1Michael asked, I run an investment club and will have a partner is making a full withdrawal. How is that reported on the K-1 since the capital account is on $1,000 but the withdrawal will be $2000? The cash amount paid out in a withdrawal ... |
| Re: [club_cafe] Valuation dateOur club disbanded last Sept. If you are selling all stocks (which I recommend) the valuation date doesn't matter too much as all assets will be cash, so a final member report will have each members share before withdrawals. Keep in mind there may be ... |
| Paying a withdrawing partnerI am faced with paying a partner for a full withdrawal and wonder how others interpret our partnership agreement. We haven't faced a full withdrawal that is done in cash before so it's new territory for us. The agreement we use states: ..when payment is ... |
| Re: [club_cafe] Re: Closing our club.Scott Freeman wrote (in part): A Transferring stocks is more work for the treasurer and one must interact with the broker to make sure the lots transferred in the records at bivio are the same ones transferred in the broker's records with the cost basis ... |