Sales taxes are now deductible on Schedule A -- computed either by a
IRS-supplied table or "actual" amount paid. This might be a reason.

--
Michael Gordon
MVP


"Vadim Rapp" <vr[at]myrealbox.nospam.com> wrote in message
news:ewCnF5Z9EHA.2196[at]TK2MSFTNGP14.phx.gbl...
- quote -

Hello Rod:
You wrote in conference microsoft.public.money on Sat, 8 Jan 2005
19:12:51 -0700:

R> Vadim,

R> I've got a quick question for you of clarification. When I split the
R> items into categories for some purchase at Wal-Mart (or some place
R> else), for example, I normally put in something like $100.00 (let's use
R> that for argument's sake). Then when I click on the Split button it
R> brings up the dialog box to itemize the various purchases. However,
R> normally Money will use that $100 as a starting point and subtract
R> everything entered from the $100, leaving me what's left as I enter
R> things. If I were to do what you suggest (i.e.: (1) enter taxable
R> items, (2) enter the sales tax and then try and distribute that among
R> the taxable items) it will use whatever's left of the $100 and
R> distribute all of that among everything I've already entered, leaving me
R> with a $0.00 balance, and I still won't have gotten to step (3) that you
R> suggested.


You are right, I did not hink about that. Probably you would have to set
transaction amount first to (all taxable items + tax), then spread the tax,
than add non-taxable items.

Vadim

Vadim,

I've got a quick question for you of clarification. When I split the items
into categories for some purchase at Wal-Mart (or some place else), for
example, I normally put in something like $100.00 (let's use that for
argument's sake). Then when I click on the Split button it brings up the
dialog box to itemize the various purchases. However, normally Money will
use that $100 as a starting point and subtract everything entered from the
$100, leaving me what's left as I enter things. If I were to do what you
suggest (i.e.: (1) enter taxable items, (2) enter the sales tax and then try
and distribute that among the taxable items) it will use whatever's left of
the $100 and distribute all of that among everything I've already entered,
leaving me with a $0.00 balance, and I still won't have gotten to step (3)
that you suggested.

It just seems like there might be something different that I should do.

Rod

"Vadim Rapp" <vr[at]myrealbox.nospam.com> wrote in message
news:ewCnF5Z9EHA.2196[at]TK2MSFTNGP14.phx.gbl...
- quote -

Hahaha. You have to prove to your wife where your money is going. My
marriage ain't that great either financially but I just tell my wife
basically what you are doing but I don't show her on a print out. I commend
you on your efforts even though you seem to be going through a lot of work
to prove your financial marriage. Who brings home the bigger
paycheck....leave it at that if you do. :-)

Rick

"Rod" <Rod[at]NO.SPAM> wrote in message
news:Ou5EpPa9EHA.1260[at]TK2MSFTNGP12.phx.gbl...
- quote -

Yes, I am spending a lot of time at it. I do it for two reasons.

1) I am a detail oriented type of person.
2) It is a bit defensive, on my part. Let me explain. I will save for a
long period of time and then purchase some sort of computer related thing
(software, hardware, a book, something). Of course, this costs a lot of
money. My wife will be surprised and wants to know why I "waste" our money
on something like this, whereas all of her purchases for her hobbies are
significantly less. (For example, my wife is a "crafty" person. She LOVES
to buy material, and I mean a LOT of material.) However, all of her
purchases tend to be small, whenever she makes them. But she does make many
of them, and many at places like Wal-Mart. So, if I itemize all purchases
made at places like Wal-Mart, although it is a pain to enter the stuff, at
the end of the month, if I have spent $100 for a single purchase at Best Buy
and my wife wonders why, I can point out that during the same month she has
purchased $70+ at several different stores for craft related things
(material, patterns, craft supplies like buttons, etc).

I hope this answers your question.

Rod

"Vadim Rapp" <vr[at]myrealbox.nospam.com> wrote in message
news:ewCnF5Z9EHA.2196[at]TK2MSFTNGP14.phx.gbl...
- quote -

Hello,
You wrote on Sat, 8 Jan 2005 09:05:12 -0700:

R> I'm using Microsoft Money 2004 Deluxe. Recently our state removed sales
R> tax on most food purchased at grocery stores. However, they did leave
R> it for some food items. Anyway, when entering purchases at places like
R> Wal-Mart they receipt lists what does and what doesn't, include sales
R> tax. I like to track what we purchase at places like Wal-Mart by
R> splitting the categories up. What I have done for years is entered
R> everything except on the receipt except for the sales tax, and then
R> press the F6 key, which would distribute the rest (which is the sales
R> tax) among all of the items listed in the split category.

R> However, now that most of the food items are not taxable, how do I make
R> it so that Money will not apply the sales tax to those items?

1. enter taxable items into money
2. enter the tax and spread it as before
3. enter non-taxable items.

I'm impressed by your thoroughness. You must be spending lots of time on
entering all receipt items into money. Why? only to have up to the penny
numbers of per-category spending?


Vadim

I'm using Microsoft Money 2004 Deluxe. Recently our state removed sales tax
on most food purchased at grocery stores. However, they did leave it for
some food items. Anyway, when entering purchases at places like Wal-Mart
they receipt lists what does and what doesn't, include sales tax. I like to
track what we purchase at places like Wal-Mart by splitting the categories
up. What I have done for years is entered everything except on the receipt
except for the sales tax, and then press the F6 key, which would distribute
the rest (which is the sales tax) among all of the items listed in the split
category.

However, now that most of the food items are not taxable, how do I make it
so that Money will not apply the sales tax to those items?

Rod