Use this page to distribute your club's earnings to each member at the close of each tax year. This is an essential activity for closing the books at year-end, as you allocate the tax liabilities to each member of the club.
The IRS requires that you allocate the club’s earnings to its members at the end of each year. If you use the Tax Printer with Club Accounting Online, you can prepare the forms automatically from the Club Accounting Online records.
If your club is dissolving, it is not necessary to distribute the earnings. Simply withdraw all members. Club Accounting Online will compute the distribution for each member as part of the withdrawal.
How to Prepare the Club Data for the Year End Distribution of Earnings