Bug in Money 2004 thru 2007

#3 11-07-2006, 06:28 PM

And your better answer is what?

"W'" <W[at]discussions.microsoft.com> wrote in message
news:9A13C9C2-3935-42F3-97A7-3A40217970A6[at]microsoft.com...
- quote -

> This is a rather Microsoft/Dell - type of attitude, Dick.
> "Dick Watson" wrote:
> > Some comments inline. I haven't checked your case and am not commenting
> > on
> > that.
> > > "Remove ABCD from Email address to reply" <neil154ABCD[at]earthlink.net> > wrote
> > in message news:eqE%23z8V%23GHA.4708[at]TK2MSFTNGP05.phx.gbl...
> > > I demonstrated this to Microsoft and they agreed the results are wrong
> > > but
> > > they say "that is the way the program is designed", it is not a bug.
> > > Most support organizations will say this even if the app adds 2+2 and
> > says
> > the answer is 3. By most accounts, the Money group isn't much worse than
> > that.
> > > > ... thereby increasing your capital gains reported to the IRS.
> > > > > Right now you may be reporting incorrect capital gains to the IRS (my
> > > examples lowers the cost basis and would raise your capital gains
> > > amount).
> > > Money doesn't report squat to the IRS. You do. If you take Money's word
> > for
> > anything you report without trying to validate what it's telling you,
> > then
> > you get what you asked for. Money sells for less than $20. It should get
> > all
> > this stuff right. It doesn't. Even if it was perfect for nominal
> > scenarios,
> > there are always going to be cases too complicated or confused for most
> > any
> > pre-canned tool like Money (or SAP, for that matter) to handle.
> > >

#2 11-07-2006, 04:48 PM

This is a rather Microsoft/Dell - type of attitude, Dick.

"Dick Watson" wrote:

- quote -

> Some comments inline. I haven't checked your case and am not commenting on
> that.
> "Remove ABCD from Email address to reply" <neil154ABCD[at]earthlink.net> wrote
> in message news:eqE%23z8V%23GHA.4708[at]TK2MSFTNGP05.phx.gbl...
> > I demonstrated this to Microsoft and they agreed the results are wrong but
> > they say "that is the way the program is designed", it is not a bug.
> Most support organizations will say this even if the app adds 2+2 and says
> the answer is 3. By most accounts, the Money group isn't much worse than
> that.
> > ... thereby increasing your capital gains reported to the IRS.
> > > Right now you may be reporting incorrect capital gains to the IRS (my
> > examples lowers the cost basis and would raise your capital gains amount).
> Money doesn't report squat to the IRS. You do. If you take Money's word for
> anything you report without trying to validate what it's telling you, then
> you get what you asked for. Money sells for less than $20. It should get all
> this stuff right. It doesn't. Even if it was perfect for nominal scenarios,
> there are always going to be cases too complicated or confused for most any
> pre-canned tool like Money (or SAP, for that matter) to handle.

#1 10-27-2006, 02:35 AM

I don't disagree with your comments, but if people are aware of the bug then
they will pay more attention.

--

Neil

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:u76YkWW%23GHA.1224[at]TK2MSFTNGP05.phx.gbl...
- quote -

> Some comments inline. I haven't checked your case and am not commenting on
> that.
> "Remove ABCD from Email address to reply" <neil154ABCD[at]earthlink.net> wrote in message news:eqE%23z8V%23GHA.4708[at]TK2MSFTNGP05.phx.gbl...
> > I demonstrated this to Microsoft and they agreed the results are wrong
> > but
> > they say "that is the way the program is designed", it is not a bug.
> Most support organizations will say this even if the app adds 2+2 and says
> the answer is 3. By most accounts, the Money group isn't much worse than
> that.
> > ... thereby increasing your capital gains reported to the IRS.
> > > Right now you may be reporting incorrect capital gains to the IRS (my
> > examples lowers the cost basis and would raise your capital gains
> > amount).
> Money doesn't report squat to the IRS. You do. If you take Money's word
> for anything you report without trying to validate what it's telling you,
> then you get what you asked for. Money sells for less than $20. It should
> get all this stuff right. It doesn't. Even if it was perfect for nominal
> scenarios, there are always going to be cases too complicated or confused
> for most any pre-canned tool like Money (or SAP, for that matter) to
> handle.

10-27-2006, 01:00 AM

Some comments inline. I haven't checked your case and am not commenting on
that.

"Remove ABCD from Email address to reply" <neil154ABCD[at]earthlink.net> wrote
in message news:eqE%23z8V%23GHA.4708[at]TK2MSFTNGP05.phx.gbl...
- quote -

> I demonstrated this to Microsoft and they agreed the results are wrong but
> they say "that is the way the program is designed", it is not a bug.

Most support organizations will say this even if the app adds 2+2 and says
the answer is 3. By most accounts, the Money group isn't much worse than
that.

- quote -

> ... thereby increasing your capital gains reported to the IRS.
> Right now you may be reporting incorrect capital gains to the IRS (my
> examples lowers the cost basis and would raise your capital gains amount).

Money doesn't report squat to the IRS. You do. If you take Money's word for
anything you report without trying to validate what it's telling you, then
you get what you asked for. Money sells for less than $20. It should get all
this stuff right. It doesn't. Even if it was perfect for nominal scenarios,
there are always going to be cases too complicated or confused for most any
pre-canned tool like Money (or SAP, for that matter) to handle.

#-1 10-27-2006, 12:31 AM

If you buy 2 lots of a mutual fund and then sell or transfer some of the
shares (quantity greater than the original number of shares purchased in the
first lot), the cost basis is incorrect.

I demonstrated this to Microsoft and they agreed the results are wrong but
they say "that is the way the program is designed", it is not a bug.

To prove the bug for yourself, perform the following transactions.

In investment account #1
6/1/2004 buy 422.9 shares of mutual fund FMIMX at a price of 19.00 and no
commissions
2/1/2005 buy 795 shares of mutual fund FMIMX at a price of 22.00 and no
commissions
10/26/2006 transfer 500 shares of mutual fund FMIMX from this account to
investment account #2

In the above example the 2 purchases of FMIMX cost a total of $25,525.10.
Now go to the Portfolio view and look at the "cost basis" column grand total
and it shows $24,777.26 thereby increasing your capital gains reported to
the IRS.

If enough people call Microsoft about it maybe they will fix it. Right now
you may be reporting incorrect capital gains to the IRS (my examples lowers
the cost basis and would raise your capital gains amount).

--

Neil

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