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| In microsoft.public.money, Doubleagle wrote: - quote - > What is the best way to set up restricted stock in Money 2005? Does Money
If the stock does not pay dividends, you could set up an employee> 2006 have any specific functionality for restricted stock? stock option with a $0 option price. |
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| In article <77144898-1322-4EC0-BE00-D03E4787D08F[at]microsoft.com> , Doubleagle <Doubleagle[at]discussions.microsoft.com> wrote: - quote - > What is the best way to set up restricted stock in Money 2005? Does Money
I don't think that MS Money can automate this process very much, because> 2006 have any specific functionality for restricted stock? it depends too much on the market value of the RSUs on the day that they appear in your account. When the RSUs go into your account, their value that day is fully taxable. Your employer probably witheld money to state and federal taxes, in fact. So what I do is to just wait until some RSUs appear in my account. On that day, I 1. Record a stock "buy" in Microsoft Money. I record that day's market value of the shares as the share price. You will probably receive paper work from your employer that explicitly discloses this cost. 2. Record a cash addition to the relevant brokerage account. The amount is the full cost of the RSUs, exactly as in step 1. The category is "Salary." This method has the property that when you finally sell the RSUs, their cost basis will be accurate. In the mean time, you record a "Salary" transaction that helps make your tax picture for the current year more realistic. Please note that I am not a tax expert. If I have screwed up any details, I hope that someone will jump in. -- David Arnstein | Have fun with your spams: arnstein+usenet[at]pobox.com | http://www.bluesecurity.com |
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| What is the best way to set up restricted stock in Money 2005? Does Money 2006 have any specific functionality for restricted stock? |
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| restricted, stock |
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