Home Update Valuation of Asset

#7 11-24-2004, 10:15 PM

Thanks for your input to this subject. I think I will just let the
"income" category be used and regard it as a separate value increase
transaction.

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:%23atwGxY0EHA.4004[at]tk2msftngp13.phx.gbl...
- quote -

> Yes, I guess "expensed" was a poor way to note "those that had some money
> transaction recorded in some other account that you want to 'capitalize'
> (normally by a Transfer:[name of asset account]) instead of 'expense'
right
> away." Indeed, I think the split would work. I still think just accepting
> the increase in value as "income" and moving on would be easier...
> "Cal Learner" <via_newsgroup[at]please.tnx> wrote in message
> news:te07q09gh1s51p16e03rn1rmdbksq31tub[at]4ax.com...
> > In microsoft.public.money, Dick Watson wrote:
> > > > Buy 1 share of the security to replace setting up the
> > > asset account; get the money there for the buy however you got it there
> for
> > > the asset account. Add a price history entry for today to set the value
> of
> > > the 1 share at what you want to value the house at. Adding to the value
> of
> > > this for things like expensed improvements will be complicated if you
use
> > > the 1 share method. There are always complications.
> > > I would think you would not adjust for expensed improvements, but
> > for capital improvements that increase your basis, you could do a
> > Buy. Set the Total, enter the then-current price, and let Money
> > compute the amount.
> > > If you want it back to one share again when you are going to update
> > the price do a 10000 for 10023 (for example if you then hold 1.0023
> > shares) share split. Now you can track your basis.
> > > Just thinking along...

#6 11-23-2004, 05:43 PM

Yes, I guess "expensed" was a poor way to note "those that had some money
transaction recorded in some other account that you want to 'capitalize'
(normally by a Transfer:[name of asset account]) instead of 'expense' right
away." Indeed, I think the split would work. I still think just accepting
the increase in value as "income" and moving on would be easier...

"Cal Learner" <via_newsgroup[at]please.tnx> wrote in message
news:te07q09gh1s51p16e03rn1rmdbksq31tub[at]4ax.com...
- quote -

> In microsoft.public.money, Dick Watson wrote:
> > Buy 1 share of the security to replace setting up the
> > asset account; get the money there for the buy however you got it there
for
> > the asset account. Add a price history entry for today to set the value
of
> > the 1 share at what you want to value the house at. Adding to the value
of
> > this for things like expensed improvements will be complicated if you use
> > the 1 share method. There are always complications.
> I would think you would not adjust for expensed improvements, but
> for capital improvements that increase your basis, you could do a
> Buy. Set the Total, enter the then-current price, and let Money
> compute the amount.
> If you want it back to one share again when you are going to update
> the price do a 10000 for 10023 (for example if you then hold 1.0023
> shares) share split. Now you can track your basis.
> Just thinking along...

#5 11-23-2004, 05:35 PM

In microsoft.public.money, Dick Watson wrote:

- quote -

> Buy 1 share of the security to replace setting up the
> asset account; get the money there for the buy however you got it there for
> the asset account. Add a price history entry for today to set the value of
> the 1 share at what you want to value the house at. Adding to the value of
> this for things like expensed improvements will be complicated if you use
> the 1 share method. There are always complications.

I would think you would not adjust for expensed improvements, but
for capital improvements that increase your basis, you could do a
Buy. Set the Total, enter the then-current price, and let Money
compute the amount.

If you want it back to one share again when you are going to update
the price do a 10000 for 10023 (for example if you then hold 1.0023
shares) share split. Now you can track your basis.

Just thinking along...

#4 11-23-2004, 05:01 PM

One other workaround came to mind: don't use an asset account at all.
Instead of an asset account, setup an investment account and a security,
"house", no symbol. Buy 1 share of the security to replace setting up the
asset account; get the money there for the buy however you got it there for
the asset account. Add a price history entry for today to set the value of
the 1 share at what you want to value the house at. Adding to the value of
this for things like expensed improvements will be complicated if you use
the 1 share method. There are always complications.

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:uAUadTY0EHA.2716[at]TK2MSFTNGP14.phx.gbl...
- quote -

> My thought, which you will not like, is that this is what it should do, it
> will not cause any problems, it accurately reflects a reason for the net
> worth increase--i.e., some form of income, and that it is not something to
> worry about. The only choice left is to adjust the ending balance of the
> asset by adjusting its starting balance.
> "Robert Sharon" <rcsharon[at]att.net> wrote in message
> news:iGJod.960821$Gx4.834898[at]bgtnsc04-news.ops.worldnet.att.net...
> > One more observation I noticed now. When creating a report, this
"update
> > the current value" increase is reported as Income -Unassigned.
Therefore,
> > it is still displayed as Income on reports even though it is only a
> > valuation adjustment. Any thoughts on this outcome?

#3 11-23-2004, 04:50 PM

My thought, which you will not like, is that this is what it should do, it
will not cause any problems, it accurately reflects a reason for the net
worth increase--i.e., some form of income, and that it is not something to
worry about. The only choice left is to adjust the ending balance of the
asset by adjusting its starting balance.

"Robert Sharon" <rcsharon[at]att.net> wrote in message
news:iGJod.960821$Gx4.834898[at]bgtnsc04-news.ops.worldnet.att.net...
- quote -

> One more observation I noticed now. When creating a report, this "update
> the current value" increase is reported as Income -Unassigned. Therefore,
> it is still displayed as Income on reports even though it is only a
> valuation adjustment. Any thoughts on this outcome?

#2 11-23-2004, 03:36 PM

One more observation I noticed now. When creating a report, this "update
the current value" increase is reported as Income -Unassigned. Therefore,
it is still displayed as Income on reports even though it is only a
valuation adjustment. Any thoughts on this outcome?

"Robert Sharon" <rcsharon[at]att.net> wrote in message
news:gAJod.960796$Gx4.626636[at]bgtnsc04-news.ops.worldnet.att.net...
- quote -

> Thanks for your reponse. I realized some categories do not associate with
> taxes. However, most all income categories relate to taxes. When I tried
> to "update the current value" the popup screen only displays expense and
> income categories so I it seemed I had to select one of them.
> Now I went into Money to "update the current value" and found I could
> override the category displayed and leave it unassigned (which I thought
was
> not possible before). Thanks for the tip!
> "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
> message news:%23Zk3XbP0EHA.3376[at]TK2MSFTNGP12.phx.gbl...
> > Not all income is "additional income for the year" in the sense of
taxable
> > income--there are some categories that don't associate with tax lines.
You
> > can also leave the category unassigned.
> > > "Robert Sharon" <rcsharon[at]att.net> wrote in message
> > news:RApod.954880$Gx4.683293[at]bgtnsc04-news.ops.worldnet.att.net...
> > > In Money 2004, after you originally set up your home purchase price
and
> > > date, how can you assign a category for the valuation increase when
only
> > > expenses and income are displayed as available? This is not
additional
> > > income for the year. It only provides an updated balance for an asset
> > > account.
> > > > > Please advise. Thank you.
> > > > > > > > >

#1 11-23-2004, 03:30 PM

Thanks for your reponse. I realized some categories do not associate with
taxes. However, most all income categories relate to taxes. When I tried
to "update the current value" the popup screen only displays expense and
income categories so I it seemed I had to select one of them.

Now I went into Money to "update the current value" and found I could
override the category displayed and leave it unassigned (which I thought was
not possible before). Thanks for the tip!

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:%23Zk3XbP0EHA.3376[at]TK2MSFTNGP12.phx.gbl...
- quote -

> Not all income is "additional income for the year" in the sense of taxable
> income--there are some categories that don't associate with tax lines. You
> can also leave the category unassigned.
> "Robert Sharon" <rcsharon[at]att.net> wrote in message
> news:RApod.954880$Gx4.683293[at]bgtnsc04-news.ops.worldnet.att.net...
> > In Money 2004, after you originally set up your home purchase price and
> > date, how can you assign a category for the valuation increase when only
> > expenses and income are displayed as available? This is not additional
> > income for the year. It only provides an updated balance for an asset
> > account.
> > > Please advise. Thank you.
> > >

11-22-2004, 11:51 PM

Not all income is "additional income for the year" in the sense of taxable
income--there are some categories that don't associate with tax lines. You
can also leave the category unassigned.

"Robert Sharon" <rcsharon[at]att.net> wrote in message
news:RApod.954880$Gx4.683293[at]bgtnsc04-news.ops.worldnet.att.net...
- quote -

> In Money 2004, after you originally set up your home purchase price and
> date, how can you assign a category for the valuation increase when only
> expenses and income are displayed as available? This is not additional
> income for the year. It only provides an updated balance for an asset
> account.
> Please advise. Thank you.

#-1 11-22-2004, 04:45 PM

In Money 2004, after you originally set up your home purchase price and
date, how can you assign a category for the valuation increase when only
expenses and income are displayed as available? This is not additional
income for the year. It only provides an updated balance for an asset
account.

Please advise. Thank you.

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