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Old 05-23-2004, 07:31 PM
CWatters
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Default Re: IRA Sales transactions show as Capital Gains


"Nobody" <allan.eyre[at]comcast.net> wrote in message
news:10d9f01c440e6$ee83d750$a601280a[at]phx.gbl...
- quote -

> All,
> Whenever I make a sale from my IRA (traditional) account
> and I've made a profit, money records the profit as
> capital gains. I've marked the account as a "retirement"
> account, but they still show up. This screws up my
> monthly income and expense reports since it qualifies my
> capital gains as income even if I haven't realized the
> income yet. Any ideas? Thanks!


Not sure about this one but there are lots of areas where Money doesn't take
the correct action as far as tax rules are concerned (Example Bond
Interest). There is no way Microsoft can keep up with all the rules and
regulations. Personally I think that governments should write tax laws in a
computer programming language instead of English. That should make it a lot
easier to produce uptodate tax calculating S/W.


  #-1  
Old 05-23-2004, 04:56 PM
Nobody
Guest
 
Posts: n/a
Default IRA Sales transactions show as Capital Gains

All,

Whenever I make a sale from my IRA (traditional) account
and I've made a profit, money records the profit as
capital gains. I've marked the account as a "retirement"
account, but they still show up. This screws up my
monthly income and expense reports since it qualifies my
capital gains as income even if I haven't realized the
income yet. Any ideas? Thanks!
 

Tags
capital, gains, ira, sales, show, transactions
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