several Q'03/Mac Questions

I've just started lurking (a few days ago), and I have a few questions.

  1. Tiger and Q03/Mac seems unstable. It crashes a bit, but as far as I can tell isn't losing data. Is there a known issue with Q03/Mac, and jumping to Q06 will fix it? Or, is there something I can do to clean up my datafiles?

  1. RSU Sale Transaction -- my company gave me some RSUs, and the online broker sold some to cover taxes. Is there a clean way to enter that transaction directly into the RSU portfolio register without moving the sale proceeds to a dummy account and then disbursing from there to the appropriate taxes categories?

  2. Stock Option Sale Transaction -- in this case, I sold all the options and asked for the proceeds by check. These were from 5 grants, and in one transaction, I listed as follows (for each transaction)
  • Income:Bonus - Proceeds from sale * Income:Bonus - (purchase cost - share cost at grant price) * Taxes:Federal - (fed taxes withheld) * Taxes:SS - (Social Security taxes withheld) * Taxes:Medicare - (Medicare taxes withheld) * Taxes:State - (State taxes withheld) * Investment Expense - (commission, fees, etc)

So, basically, I entered the total sale price and then subtracted all the subtractions from the proceeds that resulted in my check. Because I never actually held the shares, I figured I wouldn't bother setting up an investment account. For this transaction:

  • is it reasonable to not use an investment account in this case? * Is Income:Bonus the right category for the purchase cost? My thinking is that the taxable gain is the difference between the Proceeds and the Purchase Cost...right?

thanks,

mt

Reply to
Michael
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On 8/3/05 11:27 AM, in article dcqujr$7uv$ snipped-for-privacy@az33news01.freescale.net, "Michael"

Even with Q2005 I get crashes from time to time. The most common occurs when I delete a security I've been watching (no ownership) while the Portfolio window is open. If I remember to close the portfolio window first, no crash. But as you noticed, no information is lost.

No. Though you COULD avoid the dummy account by making multiple "MISC" entries. I have enough tax-based non-cash transactions to keep track of that I have set up a "Tax Adjustments" as an "Other Liability" account (examples: gifting stock, household items, Roth conversions, employer contributrions to my retirement and H S A accounts, etc.). That essentially works as a dummy account; I just exclude it from Net Worth statements.

If you're not using TurboTax that works; otherwise you should record the total transaction so it records the capital loss properly.

Reply to
Thomas Healy

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