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Changes in Club-Related Tax Forms
Last year saw the addition of a new form to partnership tax returns for reporting details of capital gains income. This was Form 8949. This year Form 8949 has changed slightly and what goes on the form...
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Wash Sales Redux
Last year about this time I wrote about the explosion of support requests at ICLUBcentral concerning wash sales. I warned against generating a loss sale. Judging by the increased number of wash-sale...
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Even Growth Investors Can Learn to Love Dividends
For a long time many growth investors have been in one of two camps regarding dividends. On one side are investors who believe that a penny issued as a dividend is a penny that can’t be used to fuel...
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Closing the Investment Club’s Books
The end of the year is fast approaching and with it the closing of the investment club books. This will soon be followed by filing club taxes. These annual events always bring some accounting and club...
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Don’t Let Typical Tax-Related Issues Trip You Up
It’s the time of year when issues related to investment club tax filing become a big part of support requests at ICLUBcentral. This article will deal with a couple of common tax-related issues....
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How New Partnership Audit Rules Impact Your Club
The Bipartisan Budget Act of 2015 had provisions for changing the rules for the Internal Revenue Service audits of partnerships. These rules just became effective with the start of the new year. In...
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