Club Fundamentals

FAQ notes relating to non-technical questions about clubs

Where do the Form 1065, schedule D, and K-1 entries come from in Club Accounting?
How do we handle a "non-dividend distribution"?
Who needs to file tax returns?
Where do I file the tax forms?
How do I dissolve or disband my club?
Record a Merger in myICLUB.com
Record a Spinoff in myICLUB.com
Record a Stock Split in myICLUB.com
How can we perform a club audit?
Why do I need to choose what cost basis was or was not reported, when working on the club's taxes?
How can I tell if a dividend is qualified or not?
What is Compound Annual Return (CAR) and how is it calculated?
Finding files after downloading.
What are Record Date and Ex-div (Ex-dividend) date, and how do they relate to Trade date and Settlement Date?
Can I use ICLUBcentral programs, sites or services on a Mac, or iPad?
Wash Sales
Before your next meeting
After your next meeting
Finding Stock Split information
Handling BetterInvesting (BI) Dues
Can members pay ahead ?
Can a new member join a club at the same value as all the other members?
What expenses are deductible?
How do we handle shares owned through a broker and directly with a company?
Cost Basis of Transferred Securities in a withdrawal
Supported and Unsupported Securities and Transactions
How to handle an ADR management fee , Foreign transaction tax, Foreign Financial Transaction Fee
Record a Merger plus Cash transaction
Money or shares received after disbanding
Finding and correcting issues when the bank or broker balance is more than a few cents out of balance
Specific stock prices are zero (0.00) on the portfolio screen or valuation.
Adjusting reclassified Dividends
Revocable Trusts in Club Accounting
Investment Partnership Accounting for Canadian Members in a U.S.-Based Investment Club
Basis of Securities Transferred to a Partner in a Partial or Full Liquidation of the Partner’s Interest in an Investing Partnership.
Key Accounting Differences Between myICLUB.com and Bivio