"Taylor" <taylor[at]nospam2me.com> wrote in message
news:47548a1b$0$2330$4c368faf[at]roadrunner.com...
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I have a separate account for 'House - unrealized gains'. It makes it
easier to include or exclude in reports as I choose at the time. When
I actually sell the house, I'll simply delete the unrealized gains
account.

If you want history or followed best practices in setting up the asset
account with transfers in, then this will not be a good way to go. There are
always many ways, though.

"Taylor" <taylor[at]nospam2me.com> wrote in message
news:47548a1b$0$2330$4c368faf[at]roadrunner.com...
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"Michael" <Michael[at]discussions.microsoft.com> wrote in message
news:5B330717-A63B-46EA-8E77-D3B719130A2F[at]microsoft.com...
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Don't make a separate transaction to increase the value.

Instead, to to Account Settings and change the purchase price to reflect the
new value.

Actually, that's part of the problem here. Everybody is so conditioned to
IRS Taxable Income that they assume any Income in Money equates to IRS
Taxable Income. They aren't the same thing.

"Steve" <respond[at]online.newsgroup> wrote in message
news:Xns99FA979B7162B184365720018436572[at]207.46.248.16...
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"Michael" <Michael[at]discussions.microsoft.com> wrote in message
news:5B330717-A63B-46EA-8E77-D3B719130A2F[at]microsoft.com...
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You can exclude that category from reports and budget if you want.
Once you get to the point that you actually sell the house, you'll
need to delete or void the interim transactions and record only the
sale transaction, which recognizes the income.
--
Chris Cowles
Gainesville, FL

=?Utf-8?B?TWljaGFlbA==?= <Michael[at]discussions.microsoft.com> wrote on
02 Dec 2007 in group microsoft.public.money:

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It DOES count as income. It's not an expense, so it must be income.
Every transaction, except transfers, is one or the other. Your net worth
has increased, so it's income.

I understand why you're asking, but accounting systems are planned by
accountants, not real human beings. They have to follow the accounting
rules. That's a good thing, because IRS auditors (perversions of
accountants) follow the same rules.

--
Steve B.
New Life Home Improvement

Well, "Not an Expense" is a completely stupid category and should be deleted
with prejudice.

The added value IS income. Once you enter it as a transaction, what else
could it be? The only way, within Money as it exists today, I can see around
this is to convert the Asset to an Investment and quote a new price for the
investment. Then it wouldn't be "Income" but it would add to net worth.

"Michael" <Michael[at]discussions.microsoft.com> wrote in message
news:CF36152B-C78B-4647-BAEA-292F39F0E45A[at]microsoft.com...
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No, at first it was no category and then I tried, NOT AN EXPENSE, but both
treat the added value as income.

"Dick Watson" wrote:

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You don't. Why would you want to? Did you use some category that reports ass
taxable income in the tax reports?

"Michael" <Michael[at]discussions.microsoft.com> wrote in message
news:5B330717-A63B-46EA-8E77-D3B719130A2F[at]microsoft.com...
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I have a home asset account and an associated mortgage account. My house
recently increased in value due to an appraisal and I added the value
increase in the home asset account. Unfornately, it looks like I earned that
money in my monthly report. BAsically, Money is treating the added valuation
as income. How do I get around this isse?