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#3
04-12-2006, 12:29 AM
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 Re: Investment activities and tax reporting Beyond perhaps holding period, does Mny really understand which dividends are and are not fully or partially qualified? They go to schedule D too. Don't mean to sound less negative than I am wrt connecting Mny to taxes except perhaps as a reminder of items which may have tax considerations especially items which are not reported by others to the taxing authorities. To have Mny automagically export to tax software takes a giant leap of faith which I do not have. arthur == On Tue, 11 Apr 2006 08:04:17 -0500, Cal Learner <NoMailTnx[at]please.comwrote: - quote - > In microsoft.public.money, eSapient wrote: > > I have an investment account. There are some transactions in it which > > correspond to 'Activity = Dividend'. Their amounts are 'transfer'ed to a > > checking account. In the checking account, I see 'Category = Transfer From : > > investment account'. These transactions cannot be added to a 'tax line'. I > > can't have these transactions automatically picked up for my tax report. Am > > I missing something? What is the intent of the design of Money regarding > > these transactions and tax reporting? > > What Money program are you using? What tax program, if any, are you > using? > Do you want Money to provide your Dividend information for schedule > B dividend data that it has? It can. Usually you would use the 1099 > data for that. Money is quite valuable to provide the schedule D > info. |
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#2
04-11-2006, 11:09 PM
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| Re: Investment activities and tax reporting Does it really understand the complexities of investments? How about options and Futures ( which it doesn't understand at all ). Anyway I use TaxAct and not what MS is selling or rather marketing ... anythig for a buck. arthur == On Tue, 11 Apr 2006 08:04:17 -0500, Cal Learner <NoMailTnx[at]please.comwrote: - quote - > data for that. Money is quite valuable to provide the schedule D > info. |
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#1
04-11-2006, 01:04 PM
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| Re: Investment activities and tax reporting In microsoft.public.money, eSapient wrote: - quote - > I have an investment account. There are some transactions in it which
What Money program are you using? What tax program, if any, are you> correspond to 'Activity = Dividend'. Their amounts are 'transfer'ed to a > checking account. In the checking account, I see 'Category = Transfer From : > investment account'. These transactions cannot be added to a 'tax line'. I > can't have these transactions automatically picked up for my tax report. Am > I missing something? What is the intent of the design of Money regarding > these transactions and tax reporting? using? Do you want Money to provide your Dividend information for schedule B dividend data that it has? It can. Usually you would use the 1099 data for that. Money is quite valuable to provide the schedule D info. |
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04-11-2006, 08:17 AM
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| Re: Investment activities and tax reporting IMO using a program like Money for auto tax entries where the financial institution, employer, etc sends you tax statements is asking for lots of trouble and pain. Good grief, Charlie Brown! arthur == On Mon, 10 Apr 2006 21:45:29 -0400, "eSapient" <eSapient[at]cox.netwrote: - quote - > I have an investment account. There are some transactions in it which > correspond to 'Activity = Dividend'. Their amounts are 'transfer'ed to a > checking account. In the checking account, I see 'Category = Transfer From : > investment account'. These transactions cannot be added to a 'tax line'. I > can't have these transactions automatically picked up for my tax report. Am > I missing something? What is the intent of the design of Money regarding > these transactions and tax reporting? |
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#-1
04-11-2006, 01:45 AM
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| Investment activities and tax reporting I have an investment account. There are some transactions in it which correspond to 'Activity = Dividend'. Their amounts are 'transfer'ed to a checking account. In the checking account, I see 'Category = Transfer From : investment account'. These transactions cannot be added to a 'tax line'. I can't have these transactions automatically picked up for my tax report. Am I missing something? What is the intent of the design of Money regarding these transactions and tax reporting? |
| Tags |
| activities, investment, reporting, tax |
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