When you enter a grant, you have the name the grant- for example, "Grant
of 2006" or something...don't use the stock ticker. IIRC, I just
followed the online help to set up my ESPP and didn't run into any problems.

Himanshu

shinypenny0001[at]yahoo.com wrote:
- quote -

Bill wrote:
- quote -

I am using the trial version and just set up my ESPP following your
advice. Then I went to set up my employee stock option grants. However
I got a message saying that I couldn't use the same stock ticker in use
by my ESPP investment account, and it wouldn't let me go any further in
the wizard.

Any suggestions?

jen

"SeaKan" <mattandkaren[at]highstream.net> wrote in message
news:11ve6g4sg3edec9[at]corp.supernews.com...
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In terms of recording the relevant information (FMV, grant date, etc.), it
should be pretty easy for Money to do. Guessing that buyers of Money are
more likely to have access to an ESPP rather than to employee stock options,
I don't know why it's not there.

Determining whether or not it's a disqualified sale, and estimating capital
gains vs. ordinary income, could be pretty complicated.

actually, what I did was create an investment account, and then record the
buys at the price I was given, a 15% discount. I put a note in about the
FMV price at purchase. That way I can see what I'm making based on the
price i bought it at, not the FMV price. Not pretty for taxes, but I am
just keeping track of general investment worth. BTW, Quicken does allow a
person to track ESPPs.


"Chris Cowles" <spam_magnet[at]remove-me-bellsouth.net> wrote in message
news:egZWKwFNGHA.3392[at]TK2MSFTNGP14.phx.gbl...
- quote -

"Bill" <Bill[at]discussions.microsoft.com> wrote in message
news:8065338A-422B-4A0E-9C17-31D98CC6BFEB[at]microsoft.com...
- quote -

With respect to the employee stock options in Money, I probably am. But
that's why I stated "they're not suited for ESPPs".

- quote -

I already do exactly as you describe. Perhaps my answer could have stated
that more clearly.

Chris, I believe you're thinking of Non-Qualified Stock Option grants to
Employees -- these are grants of stock options (not shares) that can be
converted at some future date at a specified 'strike' price (presumably that
would be lower than the price at the time of conversion). Such stock options
vest over a period of years, and once they are vested can be converted to
actual shares. (There are usually several conversion options, including
convert to real stock and hold, convert to real stock and sell, etc.)

An Employee Stock Purchase Plan (ESPP) on the other hand simply allows
employees to take a payroll deduction to purchase company stock (often) at a
discount. These shares are immediately owned by the employee (there is no
vesting period) and like any other stock its up to the employee what they
want to do with it.

To handle that in Money, create an investment account. Then simply have the
payroll deduction transfered to the cash portion of the investment account.
When you find out how many shares you purchased with those funds, record a
Buy for the number of shares of that stock and for that amount (the price
will fill in automatically). Be sure to reconcile these against the
statement from the brokerage handling the shares. When you sell the shares,
you'll treat them as you would any other sale of stock. (Note that figuring
out the cost basis of the sold shares for tax reporting purposes may be a
fairly complicated process. But that's a different issue...)

Hope that helps,

Bill

"Chris Cowles" wrote:

- quote -

"SeaKan" <mattandkaren[at]highstream.net> wrote in message
news:11vd9i2nh2ju844[at]corp.supernews.com...
- quote -

Money does support employee stock options, but they're not suited for ESPPs.
I've never had employee stock options, but my understanding is that grants
are for specific amounts at a specific price, vesting on a specific date(s).
My wife's ESPP at HCA vests on a specific date but, other than that,
everything else is variable until the purchase actually happens. In
addition, the only employee stock option exercise option in Money is
exercise and sell. In the ESPP, you don't have to sell to exercise.

What I do is simply record the payroll deductions as transfers to the cash
portion of the investment account. I record the buy and sell as ordinary
transactions. A memo on the buy records the FMV on the date of purchase, as
provided on the statement.

Because we immediately sell the stock, it's a disqualified disposal. I
account for that by entering a $0 split transaction in the cash account. It
reduces capital gains income and increases an ordinary income category
affecting W-2 line 1.

In the case of disqualified disposal, you also have to manually increase the
basis by the amount of ordinary income. Otherwise you pay capital gains on
the sale, in addition to the tax on ordinary income reported by your
employer.

Hope this helps.
--
Chris Cowles
Gainesville, FL

how can i enter an employee stock purchase plan in money 2005? I don't see
how.