Correct - Inv Type = Money Market
I'd attach a gif but I'd get yelled at by the hardliners.

bobb


"Cal Learner" <NoMailTnx[at]please.com> wrote in message
news:3rgl329fcp0stqrtte8ccffr6f57qm0r5t[at]4ax.com...
- quote -

In microsoft.public.money, - Bobb - wrote:

- quote -

Just to re-re-confirm.... when you look at the details for FDLXX on
the details page of Money it says "Money Market" and not "Mutual
Fund"?

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:reok32p530ob05u4s0hg0ib684jq5cpd6b[at]4ax.com...
- quote -

Yes - it showed all my dividends for past X years as buy/sells on the
D-1. Tax consequences were zero , but paperwork -wise it was a mess.
I just added a share back to confirm: FDLXX = MMF, but buy/sells =
taxable event.

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I only had 5 sales and I track lots (for cost basis) with Fidelity, so I
purged my Money data file from TurboTax, told TTax to fetch the info
from Fidelity - entered my Fidelity info and it downloaded into
TurboTax just fine.

Bobb

In microsoft.public.money, - Bobb - wrote:

- quote -

So when you went to the Details for the investment it said "Money
Market" rather than Mutual fund too? Normally that is the clue that
Money uses to not count Sells as CG. Having a bunch of MMF sales on
your schedule D will not change your taxes, and in my reading is not
'wrong', it can make for some long D-1s.

- quote -

If you are not careful initially when you first download, it can be
treated as a mutual fund. That is because in OFX they are both
refereed to in ....MF tokens. You get one chance to get it right
with a non-default on the first download. It is messy to straighten
it later.


- quote -

Good. It was unusually that your broker had all of the data you
needed for that.

The selection as to whether the long and short term CG are included
in the TFX file are at the bottom of the selection list, if I
remember correctly.

If there is some messiness to deal with, perhaps we can discuss some
of that late in the week.

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:fcij32lfjn72auf8gir02blh2idmln3amo[at]4ax.com...
- quote -

Cal,

Thanks as always for your help.
It was FDLXX and although a Money Market ( says so in Money description
column) , it was always treated as a mutual fund - I don't know why. I
finally sold it all to sit as "Cash" in Money. BTW, along the way, I
did close it out and delete all records to it and the symbol/name. Then
imported again from Fidelity - same thing - shows as money market/cash
on Money screen- but not so in tax records, nor in summary screens, so I
gave up on it last year. When I would generate a "group by type" report,
it was always with the mutual funds, not in the Money Market section. So
to know my allocation, would use a calculator to add it to the MMF
number. I just checked it in my file, and here's the comment I had put
in the 'Details' of the fund: " Closed this out - showed up as mutual
fund in records - not money market - Why ? ".

Although Cap gains weren't included yesterday when I generated that
Export-Tax file, by using Fidelity's downloaded data , I did my taxes
last night.


Bobb

In microsoft.public.money, - Bobb - wrote:

- quote -

That would happen if your MMF was set up as a mutual fund in Money
rather than an MMF.

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:7pvi32doc6fj4bqe4efuikeu36fgh3qafg[at]4ax.com...
- quote -

Exactly - but I couldn't get the Cap Gains info from Money on the " Tax
Report" page.
=======
- quote -

THAT's where I couldn't get it to work properly
========
- quote -

That did work but I had bogus data. Also I then noticed that all sales
were reported - including a lot of money market sales. That made the
Grand total off by about $100,000 - pretty impressive , huh ? But if you
move $10,000 between 5 money markets a few times a year, you might even
be off by a million dollars by years end ! Report-wise you'd be a
millionaire. Fortunately, the IRS doesn't consider that a taxable event,
so I don't know why Money cared.
=========

- quote -

=========
I ended up purging the Money data from TurboTax when I saw that I had
the option to import directly from my broker. That worked fine and
matched to the penny the ' Sales proceeds ' from a simple " Capital Gain
report " in Money.

Bobb
=========

In microsoft.public.money, - Bobb - wrote:

- quote -

For dividends, I suggest you use your 1099 data. The data you
collected in Money is not going to identify what part of the
dividends are "qualified" for example. I am not saying you should
not be able to get your dividend data from Money. I am saying it
would be unusual to have it complete.

Capital gains info is a different story. That would be something
everyone would want to get from Money.


For Money 2004, you would want to go to Taxes-> ExportToTaxCut.
Select the completed year, continue.

Next select which data to include. Continue.

Then, if you are using TaxCut or TurboTax, *I* would select
UseTaxSoftware-> ExportYourTaxInformationAsADataFile.... to produce
the TXF. I would File-> Import that into the tax program.

Using another method, I would select FileByHand-> PrintAReport....



- quote -

The capital gains report should work for you too. You would need
both that and the tax related transactions reports. Have you tried
resetting them?

That screaming you here is me doing my taxes and looking for data from
Money 2004.
No cap gains show up on the "Tax-Related Transactions" summary, so I
checked categories and Capital Gains show under Investment Income - and
I can't change anyhting about it ( boxes are greyed out). Why is it
UNDER Inv Income ? Is that something I did or comes that way ? I tried
to associate it with LT Cap Gains and Money says 'Nope - can't do that'
! Played a bit and then thought I'd align Cap Gains to Schedule D. My
only option to mess with the Schedule D has to do with " Form, Line # ?
" Shows 4 options - collectibles, sale of a business, etc

How do I get this program to tell me : HOW MUCH DID I HAVE in Dividends
and Cap Gains last year ? And of that how much goes on Schedule B vs
Schedule D . So that I can compare my cost basis of my sales to
Fidelity's reporting. Why is Cap Gain income not even mentioned on the
TAX REPORTS options in Money (2004 Deluxe) ? I checked report options.

Anyone been here already ? Can you tell me simply - "don't bother - not
worth it " or " here's how" ?

Thanks,
Bobb