Create an income subcategory called "Misc.Non-taxable" and don't associate
this category with any line item on any tax form and use this "catch-call"
category to cover all deposits to your checking that are not taxable income.


"Paul" <anonymous[at]discussions.microsoft.com> wrote in message
news:b5b301c3ec65$d19d12d0$a001280a[at]phx.gbl...
- quote -

Dear Paul,

Why don't you open an asset account called (say) "Sundry Debtors". Then,
when you come back from WalMart
you pass a debit entry over your cash or checking account showing WalMart
as the payee. This is NOT expenditure as far as you are concerned personally
so DO NOT categorise it as such. Treat it as a Transfer to Sundry Debtors.
As and when you are reimbursed by the person(s) for whom you had bought the
item then you will pass a credit entry to Cash or your bank account (as
relevant) and again treat it as a Transfer to Sundry Debtors. This should do
the trick !

Regards,

AJM



"Paul" <anonymous[at]discussions.microsoft.com> wrote in message
news:b5b301c3ec65$d19d12d0$a001280a[at]phx.gbl...
- quote -

Thank you, even though thats what I figured that was the
answer I would get, I am happy to have my question
veified. Thank you and I apprecaite you taking the time
to reply to my question.

Paul


- quote -

You are inferring that Income in Money equates to Taxable Income with the
IRS. There is no basis for this. Money Tax Estimator, for instance, does not
make this inference. There are many ways to have Income in Money that is not
Taxable Income with the IRS.

So, your two choices:

1) Get over the worry. Tell your tax preparer that your income is really
what's on W-2s and 1098/9s, etc. Don't depend on the Money data without
knowing how to interpret it.

2) You can always just put in a credit against the original expense
category. If Money complains about Income in an Expense category, tell it to
get over it.

"Paul" <anonymous[at]discussions.microsoft.com> wrote in message
news:b5b301c3ec65$d19d12d0$a001280a[at]phx.gbl...
- quote -

Hello... I have a question that I haven't been able to
get answered in Money 2004 Deluxe's Help Files. Every so
often, I go out and purchase something for my parents or
brother or someone else that they asked me to get because
I just happened to be at the store and they weren't.
After I purchase the item(s), I bring them back to them
and they usually give me cash or write me a check to
reimburse me for the purchase price. The ammounts from
each person doesn't normally ammount to more than $400-
$500 per person in a years time.

My problem comes when adding the transactions and
reimbursements to money. Lets say I purchased something
from walmart for $100, I add that transaction into money
as an expense catergory that I specially set aside for
stuff that will be reimbursed. Well a few days later I
get a check reimbursing me for the purchase, I deposit it
into my checking account and than list it in Microsoft
Money. However, there is no way in Money, that I know
of, to make it non-income. When tax time comes and I
want to print out my income, expenses, etc. to take to my
tax preparer, It shows I have and extra $1000 of income
that isn't actually Income! I do however list it in a
special reimbursement catergory, however it must still be
under "INCOME" in Money. Is there any place in Money
that I can prevent it from showing up as Income? I don't
report it and my CPA told me I don't have to, providing I
don't get more than a certain ammount from one person in
a year, however It is a nuissance when estimating and
preparing the files for her. I hope there is a way
around this.

Thanks in advance,
Paul