Fundamentals

FAQ notes relating to non-technical questions about clubs

• Who needs to file tax returns?
• How can we perform a club audit?
• How can I tell if a dividend should be qualified or not?
• What is Compound Annual Return (CAR) and how is it calculated?
• 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
• 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
• 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.