Stock gifts to charity


B

Bill

This year I gave some stock to a charity, and I would like to know if
there is a better way to record it in Quicken (99). I recorded the stock
as sold (on the day my broker confirmed the transaction) at the closing
price for the day. I transfered the money to my cash account, then
recorded a cash gift to the charity, with a memo noting that it was the
stock sale.

This strikes me as rather awkward. Does anyone know a better method?

Thanx for any help.
 
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S

Sandy

This year I gave some stock to a charity, and I would like to know if
there is a better way to record it in Quicken (99). I recorded the stock
as sold (on the day my broker confirmed the transaction) at the closing
price for the day. I transfered the money to my cash account, then
recorded a cash gift to the charity, with a memo noting that it was the
stock sale.

This strikes me as rather awkward. Does anyone know a better method?

Thanx for any help.
I just started a new thread with a similar question. I like your way
of handling it better than what I did. since I register the sale as a
combination of Shares Out/Misc. Income, which created a cash balance
in my account. I'd like to hear if there is a more efficient way of
handling this.
 

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