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URL:  http://boards.fool.com/i-would-also-recommend-that-you-get-some-of-the-10554189.aspx

Subject:  Re: investment club taxes Date:  1/27/1999  3:41 PM
Author:  2gifts Number:  9075 of 123001

I would also recommend that you get some of the NAIC information. Their methods for record-keeping have always been helpful to me, and I've been an Investment Club Treasurer for the last 20 years or so in 2 different investment clubs. Also, they usually have an article in the February [I think??] issue of Better Investing that desribes how to fill out the 1065 and Schedule K's line-by-line. I have always found that to be very helpful.

I would also suggest that you update your reporting tool, whatever that may be, to calculate the club taxes for you. I have a spreadsheet that I use that breaks out all the tax information for me, and I just transfer it over