How do I record taxes when exercising a stock option

#4 12-15-2005, 02:54 AM

Glad we could help. Thanks for the feedback. If you have future Money
questions, you know where to find us.

"Scott" <Scott[at]discussions.microsoft.com> wrote in message
news:393EF2F0-5B80-46C2-BE08-616165B9DA28[at]microsoft.com...
- quote -

> Thanks for referring me to the thread. This helped me figure out what I
> needed to do, and enhanced the value of Money to me! Appreciate the time
> you
> took to reply.

#3 12-15-2005, 02:41 AM

Thanks, Cal. You're suggestion about enterring to cash transactions, plus
Dick's reference to the thread helped.

"Cal Learner" wrote:

- quote -

> In microsoft.public.money, Scott wrote:
> > When following the directions for exercising a stock option, I don't see
> > anyway to record the taxes (federal and state) that were withheld when I
> > exercised the option. There is a field (when selecting the Exercise & Sell
> > activity) for recording Commission, but nothing for taxes.
> > > Since my paychecks are setup so that whatever taxes are withheld are
> > recorded in Tax accounts (and so enables me to monitor whether I'm having
> > enough taxes withheld through the tax reports), I'd like to be able to do the
> > same thing when I record the exercise of a stock option.
> > > Any thoughts?
> I would enter a transaction for the amount of the withheld tax into
> the cash transactions with the appropriate category.

#2 12-15-2005, 02:21 AM

Thanks for referring me to the thread. This helped me figure out what I
needed to do, and enhanced the value of Money to me! Appreciate the time you
took to reply.

"Dick Watson" wrote:

- quote -

> See if the thread "how to show taxes in checking from ira distribution" from
> last week gives you any ideas. Without more understanding of the cash flow,
> it's hard to say, but what comes to mind is that somewhere there is cash
> going to the exercise. You can expense some taxes there. You don't need a
> Paycheck.
> "Scott" <Scott[at]discussions.microsoft.com> wrote in message
> news:052CA808-67F7-4F83-B7BF-16371C301C43[at]microsoft.com...
> > When following the directions for exercising a stock option, I don't see
> > anyway to record the taxes (federal and state) that were withheld when I
> > exercised the option. There is a field (when selecting the Exercise & Sell
> > activity) for recording Commission, but nothing for taxes.
> > > Since my paychecks are setup so that whatever taxes are withheld are
> > recorded in Tax accounts (and so enables me to monitor whether I'm having
> > enough taxes withheld through the tax reports), I'd like to be able to do
> > the
> > same thing when I record the exercise of a stock option.
> > > Any thoughts?

#1 12-13-2005, 09:02 AM

In microsoft.public.money, Scott wrote:

- quote -

> When following the directions for exercising a stock option, I don't see
> anyway to record the taxes (federal and state) that were withheld when I
> exercised the option. There is a field (when selecting the Exercise & Sell
> activity) for recording Commission, but nothing for taxes.
> Since my paychecks are setup so that whatever taxes are withheld are
> recorded in Tax accounts (and so enables me to monitor whether I'm having
> enough taxes withheld through the tax reports), I'd like to be able to do the
> same thing when I record the exercise of a stock option.
> Any thoughts?

I would enter a transaction for the amount of the withheld tax into
the cash transactions with the appropriate category.

12-13-2005, 01:08 AM

See if the thread "how to show taxes in checking from ira distribution" from
last week gives you any ideas. Without more understanding of the cash flow,
it's hard to say, but what comes to mind is that somewhere there is cash
going to the exercise. You can expense some taxes there. You don't need a
Paycheck.

"Scott" <Scott[at]discussions.microsoft.com> wrote in message
news:052CA808-67F7-4F83-B7BF-16371C301C43[at]microsoft.com...
- quote -

> When following the directions for exercising a stock option, I don't see
> anyway to record the taxes (federal and state) that were withheld when I
> exercised the option. There is a field (when selecting the Exercise & Sell
> activity) for recording Commission, but nothing for taxes.
> Since my paychecks are setup so that whatever taxes are withheld are
> recorded in Tax accounts (and so enables me to monitor whether I'm having
> enough taxes withheld through the tax reports), I'd like to be able to do
> the
> same thing when I record the exercise of a stock option.
> Any thoughts?

#-1 12-12-2005, 05:26 PM

When following the directions for exercising a stock option, I don't see
anyway to record the taxes (federal and state) that were withheld when I
exercised the option. There is a field (when selecting the Exercise & Sell
activity) for recording Commission, but nothing for taxes.

Since my paychecks are setup so that whatever taxes are withheld are
recorded in Tax accounts (and so enables me to monitor whether I'm having
enough taxes withheld through the tax reports), I'd like to be able to do the
same thing when I record the exercise of a stock option.

Any thoughts?

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