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Old 10-24-2007, 01:56 PM
Cal Learner-- MVP
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Default Re: Commission tax category ?

In microsoft.public.money, Apothecon wrote:

- quote -

> Is there a way to change the tax category for commission from capital gains
> to misc. 2% ? I pay a quarterly advisory fee which I enter as commission,but
> it shows up in capital gains vs. the proper schedule.I know I can enter this
> from the cash account, but then it isn't reflected in the accounts rate of
> return Thanks Alan


You can enter an InvestmentExpense into the Transactions register
against a particular investment. That will reduce the performance of
that investment. There is no facility to automatically divvy up the
fee among several investments. You could manually figure out an
allocation and enter the several transactions. This is from memory,
and I have not experimented lately.

For US taxes, I think this is a miscellaneous deduction subject to
the 2% threshhold-- and therefore is not deductible for most people.


  #-1  
Old 10-24-2007, 01:05 PM
Apothecon
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Posts: n/a
Default Commission tax category ?

Is there a way to change the tax category for commission from capital gains
to misc. 2% ? I pay a quarterly advisory fee which I enter as commission,but
it shows up in capital gains vs. the proper schedule.I know I can enter this
from the cash account, but then it isn't reflected in the accounts rate of
return Thanks Alan


 

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