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#1
01-13-2005, 02:19 AM
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 Re: Stock commission is greater than proceeds of stock sale. I enetered the commission as a separate transaction against the stock (as an "expense of sale") for a similar transaction. Everything worked out ok ... -- ... Hank http://home.earthlink.net/~horedson http://home.earthlink.net/~w0rli "go3049" <go3049[at]discussions.microsoft.com> wrote in message news:32D62697-E1BE-47B5-9155-CF7D25890813[at]microsoft.com... - quote - > I recently sold 2000 shares of stock for $0.0001 per share. Gross proceeds > were $0.20. Commissions for the sale were $29.95. Net proceeds were > -$29.75. I tried to enter this into Money 2004 and it will not allow > negative proceeds of a stock sale. How should I record this sale? |
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01-11-2005, 10:17 PM
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| Re: Stock commission is greater than proceeds of stock sale. In microsoft.public.money, go3049 wrote: - quote - > I recently sold 2000 shares of stock for $0.0001 per share. Gross proceeds
Seriously, many brokers will reduce the commission so that you get> were $0.20. Commissions for the sale were $29.95. Net proceeds were > -$29.75. I tried to enter this into Money 2004 and it will not allow > negative proceeds of a stock sale. How should I record this sale? $0.01 after commissions, if you ask. However Money can't handle the negative commission. Work around it by adding the commission to the basis manually and entering a 0 commission. Same tax, tho it is not what the instructions call for. I would try that first suggestion. |
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#-1
01-11-2005, 03:03 AM
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| Stock commission is greater than proceeds of stock sale. I recently sold 2000 shares of stock for $0.0001 per share. Gross proceeds were $0.20. Commissions for the sale were $29.95. Net proceeds were -$29.75. I tried to enter this into Money 2004 and it will not allow negative proceeds of a stock sale. How should I record this sale? |
| Tags |
| commission, greater, proceeds, sale, stock |
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