Money 2004 won't display closed option positions

#1 10-18-2003, 04:41 PM

I also upgraded to Money 2004 for its improved ability to
handle option transactions. Now that I have upgraded I
can't figure out how the new functionality works. Can
someone explain it to me or tell me where I can get more
info?
Thanx,
Eric
- quote -

> -----Original Message-----
> Assuming that you are actually underwritting the option
and not actually
> trading options, isn't the fee you get from the purchaser
of your option
> considered "income" from a tax perspective?
> -Mark
> "Al Girardi" <anonymous[at]discussions.microsoft.com> wrote
in message
> news:35e001c39398$5439ebe0$3501280a[at]phx.gbl...
> > > > -----Original Message-----
> > > I just recently upgraded to Money 2004 and one of the
> > main
> > > reasons was it's ability to handle options transactions
> > > which it does very nicely but it will not display
closed
> > > option positions like it does regular stock
> > > transactions.Can someone tell me if there is a way to
do
> > > this?
> > > .
> > > > > If you figure out how to do this please let me know.
For
> > me I want to see the gain or loss when an option expires
> > worthless. It is either a gain or loss but Microsoft
says
> > if it was a short sale of an option the gain is income
not
> > capital gains and that is why they don't show it. I
think
> > they are wrong about the tax part of it.
> .

10-16-2003, 03:47 PM

Assuming that you are actually underwritting the option and not actually
trading options, isn't the fee you get from the purchaser of your option
considered "income" from a tax perspective?

-Mark

"Al Girardi" <anonymous[at]discussions.microsoft.com> wrote in message
news:35e001c39398$5439ebe0$3501280a[at]phx.gbl...
- quote -

> > -----Original Message-----
> > I just recently upgraded to Money 2004 and one of the
> main
> > reasons was it's ability to handle options transactions
> > which it does very nicely but it will not display closed
> > option positions like it does regular stock
> > transactions.Can someone tell me if there is a way to do
> > this?
> > .
> > If you figure out how to do this please let me know. For
> me I want to see the gain or loss when an option expires
> worthless. It is either a gain or loss but Microsoft says
> if it was a short sale of an option the gain is income not
> capital gains and that is why they don't show it. I think
> they are wrong about the tax part of it.

#-1 10-16-2003, 03:48 AM

- quote -

> -----Original Message-----
> I just recently upgraded to Money 2004 and one of the
main
> reasons was it's ability to handle options transactions
> which it does very nicely but it will not display closed
> option positions like it does regular stock
> transactions.Can someone tell me if there is a way to do
> this?
> .

If you figure out how to do this please let me know. For
me I want to see the gain or loss when an option expires
worthless. It is either a gain or loss but Microsoft says
if it was a short sale of an option the gain is income not
capital gains and that is why they don't show it. I think
they are wrong about the tax part of it.

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