Go Back   CDN Business Directory > Main Category > Microsoft Money

 
 
Thread Tools Display Modes
  #3  
Old 11-23-2008, 02:53 PM
neil154
Guest
 
Posts: n/a
Default Re: Cost Basis Not Correct

Steve,

I am using IE7 for my access to the forum.

When Cal responded to my question I received an email notification, but I
did not receive any notification when you responded.

"SteveBell" wrote:

- quote -

> neil154 wrote in <2629F478-44C5-4772-A566-CB49F7DE6133[at]microsoft.com> :
> > PS: The last time I posted a question I cjhecked the box to notify
> > me of replies but I did not get any notifications even though
> > responses were posted. Is the forum having a problem or do I have to
> > check any settings (I double checked my spam filter).

> From your headers, it looks like you were using some page on the
> Microsoft web site to post to Usenet. If the "notify" box works at all,
> it would most likely work only for responses from people who were using
> the same web site.
> Your message went to (potentially) thousands of Usenet servers all over
> the world. Almost none of the people who read it do so at the Microsoft
> web site. Anyone with a chance of helping you uses a program called a
> "newsreader". You won't see any responses from any of those people.
> (Can you see this response?)
> I use the /Xananews/ newsreader, and I used to use /XNews/. Both of
> them are free. /Outlook Express/, also free, is a newsreader, but it's
> not as good.
> Summary:
> If you want to see responses to your posts, you have to do one of:
> * Search the Microsoft web page over and over. Hope all the responses
> get loaded there.
> * Install and use a newsreader.
> --
> Steve Bell
> New Life Home Improvement
> Arlington, TX

  #2  
Old 11-23-2008, 02:51 PM
neil154
Guest
 
Posts: n/a
Default Re: Cost Basis Not Correct

Cal,

I know the normal way for a money market fund would be to sell and move the
money but that is not what I did. I actually transferred the money market
fund. As far as the cost basis, I tried it again and have the same problem.
When I look in the portfolio view there is no cost basis for the money market
fund and the column for appreciation shows the entire value of the transfer
(I did not have the money market fund in that account before the transfer).

As an experiment, I transferred all od the money market shares from the one
account into the second account and had the same issue.

"Cal Learner-- MVP" wrote:

- quote -

> In microsoft.public.money, neil154 wrote:
> > I transferred some stock from 1 account to another. The transfer was only
> > part of the shares of that stock that I own in the original account. The
> > stock is a money market fund so therefore all of the shares were bought for
> > $1.00 per share. When I enetered the transfer in Money Plus H&B, the cost
> > basis for the shares in the new account was $0.00 (no transfer of cost
> > basis). Is there a way to do a transfer and have the cost basis be correct?
> > > I know that I can make it correct by doing a add shares and remove shares

> > but that is not really the way I would like to do it.

> For a stock, the transfer that you did actually should maintain the
> basis. It may not be obvious tho. It is a little obscure. That is
> not the way that it is normally handled for a MMF.
> The normal way for a money market fund is to Sell the shares of the
> MMF, transfer the cash from the CashTransactions register, and then
> to buy the MMF in the receiving account.
> > > PS: The last time I posted a question I cjhecked the box to notify me of

> > replies but I did not get any notifications even though responses were
> > posted. Is the forum having a problem or do I have to check any settings (I
> > double checked my spam filter).

  #1  
Old 11-23-2008, 01:14 PM
SteveBell
Guest
 
Posts: n/a
Default Re: Cost Basis Not Correct

neil154 wrote in <2629F478-44C5-4772-A566-CB49F7DE6133[at]microsoft.com> :

- quote -

> PS: The last time I posted a question I cjhecked the box to notify
> me of replies but I did not get any notifications even though
> responses were posted. Is the forum having a problem or do I have to
> check any settings (I double checked my spam filter).


From your headers, it looks like you were using some page on the
Microsoft web site to post to Usenet. If the "notify" box works at all,
it would most likely work only for responses from people who were using
the same web site.

Your message went to (potentially) thousands of Usenet servers all over
the world. Almost none of the people who read it do so at the Microsoft
web site. Anyone with a chance of helping you uses a program called a
"newsreader". You won't see any responses from any of those people.
(Can you see this response?)

I use the /Xananews/ newsreader, and I used to use /XNews/. Both of
them are free. /Outlook Express/, also free, is a newsreader, but it's
not as good.

Summary:
If you want to see responses to your posts, you have to do one of:
* Search the Microsoft web page over and over. Hope all the responses
get loaded there.
* Install and use a newsreader.

--
Steve Bell
New Life Home Improvement
Arlington, TX
 
Old 11-23-2008, 04:53 AM
Cal Learner-- MVP
Guest
 
Posts: n/a
Default Re: Cost Basis Not Correct

In microsoft.public.money, neil154 wrote:

- quote -

> I transferred some stock from 1 account to another. The transfer was only
> part of the shares of that stock that I own in the original account. The
> stock is a money market fund so therefore all of the shares were bought for
> $1.00 per share. When I enetered the transfer in Money Plus H&B, the cost
> basis for the shares in the new account was $0.00 (no transfer of cost
> basis). Is there a way to do a transfer and have the cost basis be correct?
> I know that I can make it correct by doing a add shares and remove shares
> but that is not really the way I would like to do it.


For a stock, the transfer that you did actually should maintain the
basis. It may not be obvious tho. It is a little obscure. That is
not the way that it is normally handled for a MMF.


The normal way for a money market fund is to Sell the shares of the
MMF, transfer the cash from the CashTransactions register, and then
to buy the MMF in the receiving account.

- quote -

> PS: The last time I posted a question I cjhecked the box to notify me of
> replies but I did not get any notifications even though responses were
> posted. Is the forum having a problem or do I have to check any settings (I
> double checked my spam filter).


  #-1  
Old 11-23-2008, 04:30 AM
neil154
Guest
 
Posts: n/a
Default Cost Basis Not Correct

I transferred some stock from 1 account to another. The transfer was only
part of the shares of that stock that I own in the original account. The
stock is a money market fund so therefore all of the shares were bought for
$1.00 per share. When I enetered the transfer in Money Plus H&B, the cost
basis for the shares in the new account was $0.00 (no transfer of cost
basis). Is there a way to do a transfer and have the cost basis be correct?

I know that I can make it correct by doing a add shares and remove shares
but that is not really the way I would like to do it.

PS: The last time I posted a question I cjhecked the box to notify me of
replies but I did not get any notifications even though responses were
posted. Is the forum having a problem or do I have to check any settings (I
double checked my spam filter).
 

Tags
basis, correct, cost
Similar Threads
Thread Forum Replies Last Post
Cost Basis of IRA
Pleonasm: Microsoft Money 2005 Deluxe appears to add reinvested dividends and capital gains to the initial purchase price of a mutal fund when computing the...
Microsoft Money 1 01-17-2005 03:30 PM
cost basis/avg cost per share
David: I've got 2 accounts (mutual funds) set up under a single financial institution. In Portfolio, using Valuations view, Money calculates the cost...
Microsoft Money 2 03-03-2004 11:00 AM
cost basis/avg cost per share
David: I've got 2 accounts (mutual funds) set up under a single financial institution. In Portfolio, using Valuations view, Money calculates the cost...
Microsoft Money 1 03-01-2004 11:26 AM
Cost Basis
KemC: Where do I look to find the calculated cost basis. I've selected "Average cost Basis (Double Category)" on the Details page. Don't know where to...
Microsoft Money 1 02-03-2004 03:56 AM
Cost Basis
c.c.: Can someone tell me why I cannot choose the "Actual Cost Basis" method of calculating cost basis if I use the Canadian settings? Does this have...
Microsoft Money 1 02-01-2004 02:23 PM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 03:06 AM.