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Old 02-07-2007, 03:40 PM
Danspar
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Posts: n/a
Default Re: Donated Stock

I appreciate the response but I would think with all the other tax tracking
and calculating features within Money this increasingly common transaction
would have a cleaner solution. Your solution is simple and workable however
I really do not like computer generated financial reports that I then have to
overwrite with manual corrections or notes to show what really happened.
But, if that is the limitation on Money to record such a transaction at this
time then so be it. By the way, I am running Money Premium which touts
itself to be the solution for handling investment transactions and records.
--
Danspar


"Marilyn & Bob" wrote:

- quote -

> Others will probably give you a more sophisticated answer, but frankly, I
> don't think that one can expect a simple money managemnt program like MONEY
> to be you tax accountant. Peronally, I would simply record a sell and let
> MONEY show the difference as a LT Capital Gain. Just because it shows up as
> a CG in MONEY does not mean that you have to report it to the IRS if the tax
> on that gain is waived by statute.
> --
> Peace,
> BobJ
> "Danspar" <Danspar[at]discussions.microsoft.com> wrote in message
> news:94B35214-759F-4DB9-8641-ED1050EFDE66[at]microsoft.com...
> > I am looking for the proper transaction procedure to record appreciated
> > stock
> > donated to a charity. The transaction allows for reduction in the shares
> > of
> > stock contributed at the market price recorded by the charity and showing
> > a
> > deductible charity expense. How is this done?
> > --
> > Danspar

 
Old 02-07-2007, 12:30 AM
Marilyn & Bob
Guest
 
Posts: n/a
Default Re: Donated Stock

Others will probably give you a more sophisticated answer, but frankly, I
don't think that one can expect a simple money managemnt program like MONEY
to be you tax accountant. Peronally, I would simply record a sell and let
MONEY show the difference as a LT Capital Gain. Just because it shows up as
a CG in MONEY does not mean that you have to report it to the IRS if the tax
on that gain is waived by statute.
--
Peace,
BobJ

"Danspar" <Danspar[at]discussions.microsoft.com> wrote in message
news:94B35214-759F-4DB9-8641-ED1050EFDE66[at]microsoft.com...
- quote -

> I am looking for the proper transaction procedure to record appreciated
> stock
> donated to a charity. The transaction allows for reduction in the shares
> of
> stock contributed at the market price recorded by the charity and showing
> a
> deductible charity expense. How is this done?
> --
> Danspar



  #-1  
Old 02-06-2007, 09:16 PM
Danspar
Guest
 
Posts: n/a
Default Donated Stock

I am looking for the proper transaction procedure to record appreciated stock
donated to a charity. The transaction allows for reduction in the shares of
stock contributed at the market price recorded by the charity and showing a
deductible charity expense. How is this done?
--
Danspar
 

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