How do you enter in Employee Stock Purchase Plans (423 Plans)

I get a discounted price when the purchase is made (15% minus the lower of
either the 1st day or last day of the quarter)

In quicken they handle these. When I enter it in, it allows me to put in the
true price and my discounted price. Then it can track the capital gains tax
based upon how long I hold the stock.

Thanks

Dick
Sat Jul 02 13:39:06 CDT 2005

In Money, I think you'd just use the discounted price and all will work out.
Who cares what the real price--that you didn't pay--was on the day you
bought the discounted shares?

"BobW" <BobW@discussions.microsoft.com> wrote in message
news:07187DF8-164B-451D-8FA4-0BC59C8AF77B@microsoft.com...
>I get a discounted price when the purchase is made (15% minus the lower of
> either the 1st day or last day of the quarter)
>
> In quicken they handle these. When I enter it in, it allows me to put in
> the
> true price and my discounted price. Then it can track the capital gains
> tax
> based upon how long I hold the stock.
>
> Thanks

Chris
Sat Jul 02 14:28:31 CDT 2005

If sold within 2 years, the difference is taxable as ordinary income. That
makes me care very much what the real price was on the day we bought the
discounted shares.

Since Money doesn't track all the details, I just record the purchase at the
price I actually paid and put the market price in a memo. Because we sell it
immediately, the difference shows up in a box on my wife's W-2. I reduce the
capital gains by the amount of the discount, since I already paid taxes as
ordinary income on that portion.

It would be nice if Money handled this but it's not, by itself, a reason to
switch.
--
Chris Cowles
Gainesville, FL


"Dick Watson" <littlegreengecko@mind-enufalready-spring.com> wrote in
message news:e7T$QWzfFHA.3788@tk2msftngp13.phx.gbl...
> In Money, I think you'd just use the discounted price and all will work
> out. Who cares what the real price--that you didn't pay--was on the day
> you bought the discounted shares?

Dick
Sat Jul 02 14:48:56 CDT 2005

Aha!

"Chris Cowles" <NoSpam@For.me> wrote in message
news:e5H59wzfFHA.3936@TK2MSFTNGP10.phx.gbl...
> If sold within 2 years, the difference is taxable as ordinary income. That
> makes me care very much what the real price was on the day we bought the
> discounted shares.

BobW
Sun Jul 03 09:40:02 CDT 2005

So this doesn't tie in to tax software very well then eh?
Quicken kept track of this stuff when I soll the stock in the past, knowing
how long I had held the shares.

Was switching to Money because my Credit Union stopped supporting downloads
via quicken, but find it frustrating to use

"Chris Cowles" wrote:

> If sold within 2 years, the difference is taxable as ordinary income. That
> makes me care very much what the real price was on the day we bought the
> discounted shares.
>
> Since Money doesn't track all the details, I just record the purchase at the
> price I actually paid and put the market price in a memo. Because we sell it
> immediately, the difference shows up in a box on my wife's W-2. I reduce the
> capital gains by the amount of the discount, since I already paid taxes as
> ordinary income on that portion.
>
> It would be nice if Money handled this but it's not, by itself, a reason to
> switch.
> --
> Chris Cowles
> Gainesville, FL
>
>
> "Dick Watson" <littlegreengecko@mind-enufalready-spring.com> wrote in
> message news:e7T$QWzfFHA.3788@tk2msftngp13.phx.gbl...
> > In Money, I think you'd just use the discounted price and all will work
> > out. Who cares what the real price--that you didn't pay--was on the day
> > you bought the discounted shares?
>
>
>

Chris
Mon Jul 04 15:37:54 CDT 2005

This is a very minor absence of functionality, unless you're doing it quite
frequently. For me, it's only 2 transactions per year.

I suspect your frustration is simply because Money doesn't work exactly like
Quicken does. There are things about each program that each does better than
the other but, over all, I doubt one is 'better' than the other. The
exception may be if the specific differences are of particular importance to
you. This may be one of those cases.

If you're using Money 2005, there are many things about it that long-term
Money users don't like. I've stuck with 2004 but, if your credit union
doesn't support Money _directly_, that won't help you.
--
Chris Cowles
Gainesville, FL


"BobW" <BobW@discussions.microsoft.com> wrote in message
news:B5EB8ED3-B81A-439E-8D87-579A281BAF0E@microsoft.com...
> So this doesn't tie in to tax software very well then eh?
> Quicken kept track of this stuff when I soll the stock in the past,
> knowing
> how long I had held the shares.
>
> Was switching to Money because my Credit Union stopped supporting
> downloads
> via quicken, but find it frustrating to use.