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Old 01-19-2006, 04:23 PM
Cal Learner-- MVP
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Default Re: Selling stock but not income?

In microsoft.public.money, brett wrote:

- quote -

> I'm using Money SB 2004. I recently sold shares of a fund in my
> retirement account and tranferred them directly into a money market
> account. When I run Money's Income/Spending report, it catagorizes
> this sell as income. Is that correct? My own stock sell isn't really
> income. Perhaps the equity part of it.
> However, in this case, there really is no income. Just a transfer.
> Before the transfer could take place, the sell had to occur. Money
> sees the sell and says "income". Is there a way to do this so it
> doesn't look like income to Money?


Because it is in a retirement account. Money assumes that this is
not taxable income, but that it is non-taxable income. You can
customize a report to exclude your retirement accounts if you like.
  #-1  
Old 01-19-2006, 03:06 PM
brett
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Default Selling stock but not income?

I'm using Money SB 2004. I recently sold shares of a fund in my
retirement account and tranferred them directly into a money market
account. When I run Money's Income/Spending report, it catagorizes
this sell as income. Is that correct? My own stock sell isn't really
income. Perhaps the equity part of it.

However, in this case, there really is no income. Just a transfer.
Before the transfer could take place, the sell had to occur. Money
sees the sell and says "income". Is there a way to do this so it
doesn't look like income to Money?

Thanks,
Brett

 

Tags
income, selling, stock
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