|
#1
| |||
| |||
| The money invested was part of a disability settlement (non-taxable income). I have a capital contribution agreement with a small business, contributing 5K to the company. I am now starting to receive a return on my contribution. I'm not sure how to track this, or if the income is taxable since I essentially won't be making any money until I get back the 5K I originally invested. Hope this is making sense. Accounting/investing is not my forte'... "MJ" wrote: - quote - > In Yr 2003, I invested 5K in a a local business. The money was already taxed > when I received it. I am now starting to get a return on my investment - > essentially, payments back on the original 5K. I'm not really making any > money at this point (until I break even). How do I track this now? How do I > track it when I am making money? FYI:I have the Standard Edition, but am > looking to upgrade to Deluxe. Thanks for your help :-) > -- > - MJ |
| | |||
| |||
| In microsoft.public.money, MJ wrote: - quote - > In Yr 2003, I invested 5K in a a local business.
Did you get stock? Is it a partnership? Did you loan a businessmoney? - quote - > The money was already taxed
If it is a loan, you are probably getting interest, which you will> when I received it. I am now starting to get a return on my investment - > essentially, payments back on the original 5K. I'm not really making any > money at this point (until I break even). How do I track this now? How do I > track it when I am making money? FYI:I have the Standard Edition, but am > looking to upgrade to Deluxe. Thanks for your help :-) need to report as interest. You need to understand the how the investment is structured before you can figure out how you might track it in Money. |
|
#-1
| |||
| |||
| In Yr 2003, I invested 5K in a a local business. The money was already taxed when I received it. I am now starting to get a return on my investment - essentially, payments back on the original 5K. I'm not really making any money at this point (until I break even). How do I track this now? How do I track it when I am making money? FYI:I have the Standard Edition, but am looking to upgrade to Deluxe. Thanks for your help :-) -- - MJ |
| Tags |
| loan or investment |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Loan Andrea Sousa: I have Money 2004 I want to create a Loan of a certain amout and want the money to be transfered to a bank account. How can I do this? Thank you | Microsoft Money | 3 | 10-20-2004 08:16 AM | |
| Can't rename investment because deleted investment has the same name Mike: I have an investment that gets downloaded as "Blah Blah (0021)" from my financial institution, and I would like to view the investment as "Blah... | Microsoft Money | 4 | 08-19-2004 11:33 PM | |
| Scheduled bills from loan going past term of loan Bryan: Hope someone can help with this: I have an automobile loan in Money 2000 that I have set up as a monthly recurring bill. This loan will be paid... | Microsoft Money | 6 | 02-11-2004 02:13 PM | |
| Thread Tools | |
| Display Modes | |
| |