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Author: 2gifts Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121572  
Subject: Re: Investment Club Taxes Date: 1/27/1999 3:48 PM
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How have you been reporting the taxes from previous years, or is this your first year? If you have been doing this for more than 1 year, you should have been filing club taxes, although each member actually reports the information on their own return. If this is your first tax year and you actually formed and dissolved the club all in the same year, it's not that different from what you would have normally filed anyhow.

I just put it in another response, but I'll put it again here. I would get the NAIC information and particularly the article that is published annually in their Better Investing magazine on doing the club's taxes. They give step-by-step and line-by-line instructions that are very easy to follow. I would go that route if I were in your shoes, but then I've been doing club taxes for almost 20 years, and I still need to refresh myself every year to make sure I don't forget anything.

If you want more help, you can send me some mail.
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