Wow, I thought he worked for MSFT... my mistake!

I will open a case then... try to help make the product better for everyone
right?!?

"Dick Watson" wrote:

- quote -

"Chris Harris" <ChrisHarris[at]discussions.microsoft.com> wrote in message
news:E1BF696C-92E2-4867-9135-2D2B9F6A6DF1[at]microsoft.com...
- quote -

You can't presume that unless you filed it yourself. Nobody here works for
Microsoft. And many acknowledged bugs have been around for years. Unless the
bugs are particularly onerous, without a workaround, many users figure
they're getting their $20 worth out of the software.
--
Chris Cowles
Gainesville, FL

None of the regulars here have the power to open a defect, much less get it
fixed. If that's what you want, open a case directly with Microsoft. Good
luck.

"Chris Harris" <ChrisHarris[at]discussions.microsoft.com> wrote in message
news:E1BF696C-92E2-4867-9135-2D2B9F6A6DF1[at]microsoft.com...
- quote -

Ok, so can I presume that this is now a filed bug and will be fixed in some
near future release? It's a pretty critical failure on the part of the
specialized capital gains estimator! I think the CG tax estimation is
VERY handy for tax planning at the end of the year - so I do appreciate the
feature - I'm just trying to make it more useful out-of-the-box!

I'd also appreciate it if you would log an additional related feature
request for me to the bug db. One can deduct state taxes from federal taxes.
So in CA for example, I pay 9.3% state income tax, and for a LTCG I pay 15%,
which combined total something like 23% - not 24.3% - you save an additional
1.3% on the total bill. This isn't being taken into consideration on the
capital gains tax estimator. I think this is only true if you are doing
itemized deductions - so perhaps in the section where you declare your
income, tax rates, etc. there could be a "I plan to itemize deductions this
tax year" check box to enable this calculation?

Thanks for your responses today, I look forward to this feature being fixed
and even the new feature being added soon!

Chris

"Cal Learner-- MVP" wrote:

- quote -

In microsoft.public.money, Chris Harris wrote:

- quote -

Yeah. I get what you get. That unit does not cancel LT and ST gain.

Try the tax estimator.

- quote -

Taxes-> Capital Gains Estimator

I used single filing status, 9.3% state income tax (CA), and $0.00 for both
short term and long term carryovers.

"Cal Learner-- MVP" wrote:

- quote -

In microsoft.public.money, Chris Harris wrote:

- quote -

Report? I used the tax estimator of Money 2006.

Perhaps you might identify what report you are using and what
program you are running.

- quote -

Weird. I'm trying to determine why mine is behaving differently.

Ok, let's do this... when you're viewing the report it's all under
"Proposed" right? None of it is under "Year to date?"

Assuming that -- which is fine -- the gain/loss section cells for ST & LT
should be -$1M and +$1M right?

What is displayed under the Federal Tax, State Tax, and Net Proceeds columns
for the ST, LT, Total rows? If it's working correctly, I suppose it should
show something like this?
Proposed......Gain/Loss....Federal_Tax....State_Tax....Net_Proceeds

ST..................($1M).................$0...... .........$0.....................$0
LT....................$1M........$150,000.......$9 3,000...........$243,000

Total................$0M..................$0...... .........$0.....................$0

Mine doesn't look like this... it just adds up the federal, state, and net
proceeds columns on the total line and says those are going to be my taxes
due...

Chris

"Cal Learner-- MVP" wrote:

- quote -

In microsoft.public.money, Chris Harris wrote:

- quote -

Yes.

- quote -

Hmm, does it work in reverse?

"Cal Learner-- MVP" wrote:

- quote -

In microsoft.public.money, Chris Harris <Chris
Harris[at]discussions.microsoft.com> wrote:

- quote -

I just did a test with a new empty file using the tax estimator. I
entered -1000000 as LT capital gains and 1000000 as short term. It
said the net CG is zero and the tax is zero.

Hello,

I'm not sure if I'm missing something here, but I'm trying to estimate my
net capital gain/losses under various configurations, and I think the
calculation is being performed incorrectly.

If there is a net long term capital gain, and a net short term capital loss,
I believe the two should be netted against each other and the tax liability
rate is whichever was greater (LT loss, or ST gain).

In other words... if there is a LTCG of $1,000 and a STCL of $500, that
creates a net capital gain of $500 taxed at the LTCG rate. Money 2006 right
now is saying that I owe LTCG on $1,000 and have a STCG credit on the $500...
which is much higher!

Any help/correction would be appreciated.

Chris