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#5
07-19-2005, 05:34 AM
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 Re: Increase In Home Value? I have a category for this, "Properties Inc:Appreciation - Home" Other sub cats are Appreciation - Investment Properties (with classes for each), Other and Rent Inc. If you simply make an income category, "Home Appreciation", that would suffice. You know exactly what that is and you can exclude it from and cash flow, income/expense reports you have Tom. "Bgreer5050" <bgreer5050[at]yahoo.com> wrote in message news:nUtCe.31$IG2.5[at]newssvr33.news.prodigy.com... - quote - > Over the past year or so my home value has increased, as most just due to > market conditions. What category is recommended to show this increase? > Should I create a new catagory for this? |
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#4
07-18-2005, 03:59 PM
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| Re: Increase In Home Value? An increase in the value of an asset is not current income. I'm told that QuickBooks deals with it properly, why not money? Tod "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:%23v6WEM5iFHA.2904[at]tk2msftngp13.phx.gbl... - quote - > I think you need to adjust your definition of income from Form 1040 to > Accounting. > "Tod DeBie" <tod_debie[at]hotmail.com> wrote in message > news:JLCdnT3UR8HTs0bfRVn-tw[at]comcast.com... > > It would be nice if Money would deal with equity increases without > > showing income by default. This is PITA. |
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#3
07-18-2005, 01:53 PM
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| Re: Increase In Home Value? OTOH, in this case--increase in value of an asset--I can also see an argument for treating it more like an Investment Account's treatment of unrealized capital gains. Unfortunately, that's probably a quantum change in how Money treats Asset Accounts as just another variant of cash account. But in cases where you are worried about a credit in an expense account being treated as income; well, it is. "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:%23v6WEM5iFHA.2904[at]tk2msftngp13.phx.gbl... - quote - > I think you need to adjust your definition of income from Form 1040 to > Accounting. > "Tod DeBie" <tod_debie[at]hotmail.com> wrote in message > news:JLCdnT3UR8HTs0bfRVn-tw[at]comcast.com... > > It would be nice if Money would deal with equity increases without showing > > income by default. This is PITA. |
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#2
07-18-2005, 12:19 PM
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| Re: Increase In Home Value? I think you need to adjust your definition of income from Form 1040 to Accounting. "Tod DeBie" <tod_debie[at]hotmail.com> wrote in message news:JLCdnT3UR8HTs0bfRVn-tw[at]comcast.com... - quote - > It would be nice if Money would deal with equity increases without showing > income by default. This is PITA. |
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#1
07-18-2005, 04:21 AM
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| Re: Increase In Home Value? It would be nice if Money would deal with equity increases without showing income by default. This is PITA. Tod "Richard Bollar" <bollar[at]bollar.org> wrote in message news:%2360obBwiFHA.2152[at]TK2MSFTNGP14.phx.gbl... - quote - > I would create an account called "unrealized gains & losses" and transfer > the amount of the gain to that account. When you sell the house and > realize > the gain, transfer the amount back and categorize it to "capital gains". > If you want to see the gain reflected in your net worth, exclude this new > account from the report. > The advantage of handling the gain this way is that it doesn't create an > income flow like selecting a category would. > -- > "Bgreer5050" <bgreer5050[at]yahoo.com> wrote in message > news:nUtCe.31$IG2.5[at]newssvr33.news.prodigy.com... > > > Over the past year or so my home value has increased, as most just due to > > market conditions. What category is recommended to show this increase? > > Should I create a new catagory for this? > |
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07-17-2005, 06:50 PM
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| Re: Increase In Home Value? I would create an account called "unrealized gains & losses" and transfer the amount of the gain to that account. When you sell the house and realize the gain, transfer the amount back and categorize it to "capital gains". If you want to see the gain reflected in your net worth, exclude this new account from the report. The advantage of handling the gain this way is that it doesn't create an income flow like selecting a category would. -- "Bgreer5050" <bgreer5050[at]yahoo.com> wrote in message news:nUtCe.31$IG2.5[at]newssvr33.news.prodigy.com... - quote - > Over the past year or so my home value has increased, as most just due to > market conditions. What category is recommended to show this increase? > Should I create a new catagory for this? |
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#-1
07-17-2005, 02:26 PM
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| Increase In Home Value? Over the past year or so my home value has increased, as most just due to market conditions. What category is recommended to show this increase? Should I create a new catagory for this? |
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| home, increase |
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