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Old 11-18-2004, 07:32 AM
Bob Peel, MVP
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Default Re: Problem with a tax-free security

Try this http://umpmfaq.info/faqdb.php?q=81

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Bob Peel,
Microsoft MVP - Money

For UK tips & fixes see
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For wishes or suggestions see
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or for UK wishes http://www.microsoft.com/uk/support/money/feedback

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"David Arnstein" <arnstein[at]panix.com> wrote in message
news:cnhlrf$b3h$1[at]reader1.panix.com...
- quote -

> This is a complicated problem, please bear with me.
> I am using Money Premium 2005, and I started out by importing a data
> file from Quicken Premium 2004. This might be relevant to my problem.
> There is a report "Tax-Related Transactions" that I am trying to
> correct. I found that it was listing dividends from some of my
> tax-free mutual funds. This is wrong, because these dividends are
> certainly tax-free.
> By luck, I found that if I changed the relevant "dividend"
> transactions to "interest" transactions, these transactions would no
> longer appear in the report. Success. Except for one problem.
> I have a particular tax free exchange-traded fund that Money will not
> let me edit as described above. Any dividend transaction for this
> fund cannot be changed to an interest transaction. If I try to change
> dividend-> interest, Money pops up an error dialog saying that this is
> not allowed for this type of security.
> So I went looking for some property of this exchange-traded fund that
> causes Money to impose this restriction. The only clue I have is that
> Money has classified this exchange-traded fund as a stock, rather than
> a mutual fund. I don't think that any of my other tax-free funds have
> been mis-classified in this manner. As an experiment, I would like to
> change it to a mutual fund. But I cannot figure out a way to change a
> stock into a mutual fund, in Money.
> Any suggestions?
> As an aside, I claim that this is a perfect example of how Microsoft
> fucks up the user's experience. I encounter similar problems in
> Microsoft Word.
> If you have read all of this, I thank you!
> mutual fund.
> --
> David Arnstein
> arnstein+usenet[at]pobox.com



  #-1  
Old 11-18-2004, 07:17 AM
David Arnstein
Guest
 
Posts: n/a
Default Problem with a tax-free security

This is a complicated problem, please bear with me.

I am using Money Premium 2005, and I started out by importing a data
file from Quicken Premium 2004. This might be relevant to my problem.

There is a report "Tax-Related Transactions" that I am trying to
correct. I found that it was listing dividends from some of my
tax-free mutual funds. This is wrong, because these dividends are
certainly tax-free.

By luck, I found that if I changed the relevant "dividend"
transactions to "interest" transactions, these transactions would no
longer appear in the report. Success. Except for one problem.

I have a particular tax free exchange-traded fund that Money will not
let me edit as described above. Any dividend transaction for this
fund cannot be changed to an interest transaction. If I try to change
dividend-> interest, Money pops up an error dialog saying that this is
not allowed for this type of security.

So I went looking for some property of this exchange-traded fund that
causes Money to impose this restriction. The only clue I have is that
Money has classified this exchange-traded fund as a stock, rather than
a mutual fund. I don't think that any of my other tax-free funds have
been mis-classified in this manner. As an experiment, I would like to
change it to a mutual fund. But I cannot figure out a way to change a
stock into a mutual fund, in Money.

Any suggestions?

As an aside, I claim that this is a perfect example of how Microsoft
fucks up the user's experience. I encounter similar problems in
Microsoft Word.

If you have read all of this, I thank you!
mutual fund.
--
David Arnstein
arnstein+usenet[at]pobox.com
 

Tags
problem, security, taxfree
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