Why not enter 2 transactions, which, it really is::

Sell the number of shares to pay the fee
Enter fee as 'other expenses'

Think of it as interest in reverse, ie receive interest payment, buy
shares.

arthur
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On Sat, 7 Feb 2004 15:48:18 -0800, "Bill"
<anonymous[at]discussions.microsoft.com> wrote:

- quote -

The way I handle fees is to use the category [within the
investment account register] 'other expense' and then
charge it to Invest Expense. This, however, will not
affect the cost basis of the investment on mutual funds,
if that is what you were looking for.

- quote -

BTW, search http://groups.google.com for newsgroup microsoft.public.money
and I'm sure you can find this treated several times.

Why is this sell not a realized capital gain? For whatever reason, you took
the capital and turned it into cash.

This question has come up several times recently and it seems to me that it
should be, but I don't know for sure.

"TanMan" <NoOne[at]nowhere.com> wrote in message
news:amka201foq8963s56tjcuqh72c5apd3n7u[at]4ax.com...
- quote -

In microsoft.public.money, TanMan wrote:

- quote -

A Sell transaction and an Other Expense transaction would make
sense if you are attributing the fee to a specific investment. That
would probably be your best bet in your case.

Otherwise you can enter a Sell transaction into the Investment
Transactions and a payment of the amount Payment into the Cash
Transactions.

If this were not in a tax-deferred/exempt account, the amount would
result in an entry on schedule D as a Sell, and probably result in
tax liability.

Hello,

I was wondering how do you acount for fees in investment accounts?
My retirement account has a $ 15.00 annual custodian fee. This is
paid by selling $ 15.00 worth of shares at the time the fee is due.
My financial institution removes the appropriate number of shares
from my account as payment.

If I enter the sell in the investment transactions and deposit the
$15.00 into the cash / contributions account, money treats the
sells as Realized Capital Gains / Losses in all of the performance
reports. The performance data is incorrect by (15.00 Cost Fee + the
Realized Capital Gain / Loss for the transaction). Simply using the
remove shares transaction does not produce the desired results either

Any ideas?


Thanks,


Chris.