In microsoft.public.money, <gashfordjr[at]charter.net> wrote:

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I wouldn't categorize it as a workaround.

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.... Either somebody who doesn't care about tracking cost, or
somebody who does not even know the costs.

Thank for the workaround.

It would be nice if Money had a way to enter with one transaction. IRA fees
are a pretty common occurence.

I can't see much use for the "Remove Shares" option unless someone is just
trying to keep track of shares and doesn't care about cost.

Thanks again,


"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:9k9k40tjca30gqnr862pkm0t6c4p6kcckk[at]4ax.com...
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In microsoft.public.money, Gary A. wrote:

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Use two transactions: Do a sell of the amount of shares removed from
your account for the amount of the fee. If you want to associate the
fee with a particular security, you do an Other Expense
transaction in the Investment Transactions.

If you want to attribute the fee two to or more securities, allocate
portions of the fee to each security.

What is the best way to handle periodic fees that are
charged by retirement accounts. On the retirement
statement from the company, shares are sold to cover the
fee thus reducing the number of shares in the account.
If you use the "Remove Shares" option in Microsoft Money,
this reduces the cost basis which leads to
incorrect "Performance Results". For example, I invested
$500.00, had a fee of $10.00 and the account is now worth
550.00. In my opinion, the performanc result shoud be
calculated as $50/$500 or 10%. Money calculates it as
$60/500 or 12%.