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#1
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| 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 |
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| 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 |
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| 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 |
| Tags |
| donated, stock |
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