taxes
 






 

Question by  falconsqb6 (54)

How do investment clubs deal with taxes?

 
+6

Answer by  Chaneygirl (1755)

Investment clubs generally issue their partners/members a K-1 form. This will have the partner's share of interest, dividends, capital gains and any other taxable/tax deductible items allocable to that person.

 
+5

Answer by  tamarawilhite (17883)

When the investment club receives dividends and returns and distribute them to the members, the members pay their personal income taxes upon it.

 
+4

Answer by  Ann89 (613)

Some of them provide general advice relating to taxes. Depends on what tax you are referring to. If you are referring to income tax they most likely will. Best to contact your local investment club.

 
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