In microsoft.public.money, Robert G. Becnel wrote:

- quote -

If I read you correctly, you exercised 111 shares and sold 70.

I think the best way would be to do an exercise and keep of 111
shares. Select an account for where the funds will go, which could
be the associated cash account for the Employee Option account.
Specify the data for the sell.

Then in the account which will hold the stock, enter a Buy
transaction for the 41 shares stock. Select the account that holds
the proceeds from the exercise.

- quote -

I don't know about W-2, box 12C, letter V. If this is an ISO option,
then more considerations may apply to compensate for the tax
implications. Perhaps somebody else will have more information for
you. That person would have to know if you are talking about
qualified/ISO options vs non-qualified options.

I am not sure this is the best. You could try Help and enter
"employee option" into the search box.

I setup a stock option account. My employee gave me 111 shares in 2002.
I was vested recently in Nov 2004, I decided to sell 70 to cover taxes and
commission in order to keep the remaining 41. I am using MS2004 DLX.

To reflect this in my account, should I "excercise & sell" all 111 in the
investment account, then buy back 41? If so, where does Money reflect the
portion that is income and shown on my W-2, box 12C, letter V? If not,
I'd like to hear a better way to do it.

I do know from the cash account, to perform a withdraw to handle all of
the tax withholdings. Any suggestions would be great on the other
questions.

Thanks,
Bob