I've just manually corrected my tax records. See my other reply. Money
doesn't have a way to do this directly.


"aslan" <fjsteven[at]cox.net> wrote in message
news:162501c391c6$8a1526e0$a001280a[at]phx.gbl...
- quote -

I don't know of any way to do this without recording a dummy sale.

One method is to transfer the shares to a tax-exempt account (create a dummy
account for this purpose if needed), sell the shares in that account, then
transfer the cash from that account back to a "regular" account, say
checking, and in that account enter the contribution. This way you won't
show capital gains on the sale. But AIR it messes up the calculation of
annualized return on the investment.

Another way is -- in Money just enter (1) an ordinary sale (in the memo
field note it's the contribution), (2) a charitable contribution and (3)
delete the capital gain when you import the data into your tax software.
[You'll have to do a special form for the contribution anyway.] Doing it
this way, you get an accurate calculation of your annualized return, etc.


"aslan" <fjsteven[at]cox.net> wrote in message
news:09c501c391c6$ae034d70$a101280a[at]phx.gbl...
- quote -

In microsoft.public.money, aslan wrote:

- quote -

I would opt for the Remove Shares to start. Then I guess I would
enter the value as if it were a cash expenditure, but I have not
worked thru it.



- quote -

Hmm, thought that could be the case, but forgot to add a comment to the
posting....

--
Glyn Simpson, Microsoft MVP - Money

Check http://support.microsoft.com/default...d=fh;EN-GB;mny
for UK tips and fixes for MS Money. To send Microsoft your wishes or
suggestions, use http://register.microsoft.com/mswish/suggestion.asp
or email mnyukwsh[at]microsoft.com especially if it's a UK specific wish.

I do not respond to any unsolicited email regarding Money

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:s21mov0smtbhvl8fvilihl7aeed5jkplu0[at]4ax.com...
- quote -

You are exactly right concerning the tax laws. Do you
know how to record a stock donation to a charity without
having to do a sale first?
- quote -

Thank you for your suggestion. However, if the stock is
sold, then I owe taxes on the capital gains. If the
stock is contributed directly, then I don't owe taxes on
the appreciation. Therefore, if I record the transaction
as you suggested, it screws up my tax records. I need to
find out how to record a stock donation without cashing
it first. Thanks
- quote -

In microsoft.public.money, Glyn Simpson, MVP wrote:

- quote -

In current US law you get to claim the full value of the stock
donated as a charitable deduction without regard to the basis; there
is no capital gains tax on the appreciation.

You could record a sale, and then donate the cash (not exactly what you're
doing, but would work I think)...

--
Glyn Simpson, Microsoft MVP - Money

Check http://support.microsoft.com/default...d=fh;EN-GB;mny
for UK tips and fixes for MS Money. To send Microsoft your wishes or
suggestions, use http://register.microsoft.com/mswish/suggestion.asp
or email mnyukwsh[at]microsoft.com especially if it's a UK specific wish.

I do not respond to any unsolicited email regarding Money

"aslan" <fjsteven[at]cox.net> wrote in message
news:057101c391bd$6d231cd0$a401280a[at]phx.gbl...
- quote -

I'm donating stock shares to a charity. I can't figure
out how to record this transaction in money 2002. When I
go to my brokerage account and select activities this
type of transaction is not one of the choices listed.
The closest thing I can find is "transfer out". However,
once this transaction is selected it prompts me to select
on of my accounts to transfer into. It won't allow me to
select a payee or outside organization. The other option
I see is remove shares. If I select this option, then,
Money won't record the fair market value of the
transaction, and it won't recognize that a tax-deductible
activity has occurred. Any advice?

I can't be the only person that donates stock.