Private Equity Investment Tracking?
T. Richard King
Quicken 2000? The only thing I can think of is to create an asset account
and just put in your cost basis.
Thanks,
Rich
thoma...@bim.net
Nelson Moffat
so, do they support Quicken transaction downloads (look on the
Overview page for the "Online Account Access" tab and see if your
brokerage is listed.) That's the easiest way. The best way, failing
that, is to manually enter each purchase with date, cost, shares,
commission etc in a "Brokerage" account.
T. Richard King
limited partnerships and venture capital type investments. They don't have
anything to do with a brokerage or other financial institution.
Thanks.
Nelson Moffat <nmo...@tznet.com> wrote in message
news:332m3so5prmjifq39...@4ax.com...
E. K. Smith
for it and hold it in my Investment Account like any other security.
Since there is no real secondary market for the partnership, I
manually update the price quarterly based upon the Unit Value given in
the Quarterly Report.
Hope this helps.
david_dot_johnston_at_ibm_dot_net
at 05:54 PM, ReplyOnlyToT...@UsenetNews.com (E. K. Smith)
said: Why would it not be easier to create an asset account and update
manuelly? David >I have holdings in a Limited Partnership. I simply
>Hope this helps.
--
-----------------------------------------------------------
David Johnston <David.J...@ibm.net>
-----------------------------------------------------------
John O'Brien
>
> Sorry....I should have added more info. I'm talking about investments like
> limited partnerships and venture capital type investments. They don't have
> anything to do with a brokerage or other financial institution.
>
> Thanks.
>
> Nelson Moffat <nmo...@tznet.com> wrote in message
> news:332m3so5prmjifq39...@4ax.com...
> > You haven't given enough information. Is this a brokerage account? If
> > so, do they support Quicken transaction downloads (look on the
> > Overview page for the "Online Account Access" tab and see if your
> > brokerage is listed.) That's the easiest way. The best way, failing
> > that, is to manually enter each purchase with date, cost, shares,
> > commission etc in a "Brokerage" account.
> >
> > On Sun, 21 Nov 1999 21:31:29 -0800, "T. Richard King"
> > <thoma...@attglobal.net> wrote:
> >
> > >Has anyone found a good way to track their private equity investments
> using
> > >Quicken 2000? The only thing I can think of is to create an asset
> account
> > >and just put in your cost basis.
> > >
> > >Thanks,
> > >
> > >Rich
> > >thoma...@bim.net
> > >
> >
dividends.The LP's I have are public so they are quoted, but if they
weren't I would manually update as often as I got a valuation.
If you are using Quicken to do taxes, which I do not, you might consider
showing the LP distributions as returns of capital.
Hope this helps.
P.S. Intuit really should add more investment types to the program e.g.
LP's, Treasury Inflation Protected Bonds,Zero Coupon Bonds, etc. This
aspect of Quicken hasn't really improved in years.
--
John O'Brien
If replying by e-mail, please remove "nospam." from address.
Bill H
I think that setting this up as a security would be better.
Bill
On Sun, 28 Nov 1999 17:26:42, david dot johnston at ibm dot net wrote:
>In <38416b94...@news.wwnet.net>, on 11/28/99
> at 05:54 PM, ReplyOnlyToT...@UsenetNews.com (E. K. Smith)
>said: Why would it not be easier to create an asset account and update
>manuelly? David >I have holdings in a Limited Partnership. I simply
>created a Security >for it and hold it in my Investment Account like any
>other security. >Since there is no real secondary market for the
>partnership, I manually >update the price quarterly based upon the Unit
>Value given in the >Quarterly Report.
>
>>Hope this helps.
>
>>"T. Richard King" <thoma...@attglobal.net> wrote:
>
>>>Sorry....I should have added more info. I'm talking about investments like
>>>limited partnerships and venture capital type investments. They don't have
>>>anything to do with a brokerage or other financial institution.
>>>
>>>Thanks.
>>>
>>>Nelson Moffat <nmo...@tznet.com> wrote in message
>>>news:332m3so5prmjifq39...@4ax.com...
>>>> You haven't given enough information. Is this a brokerage account? If
>>>> so, do they support Quicken transaction downloads (look on the
>>>> Overview page for the "Online Account Access" tab and see if your
>>>> brokerage is listed.) That's the easiest way. The best way, failing
>>>> that, is to manually enter each purchase with date, cost, shares,
>>>> commission etc in a "Brokerage" account.
>>>>
>>>> On Sun, 21 Nov 1999 21:31:29 -0800, "T. Richard King"
>>>> <thoma...@attglobal.net> wrote:
>>>>
>>>> >Has anyone found a good way to track their private equity investments
>>>using
>>>> >Quicken 2000? The only thing I can think of is to create an asset
>>>account
>>>> >and just put in your cost basis.
>>>> >
>>>> >Thanks,
>>>> >
>>>> >Rich
>>>> >thoma...@bim.net
>>>> >
>>>>
>>>
>>>
>
>
E. K. Smith
Another good reason for setting it up as a Security.
Kenton Smith
R. C. White
A partnership interest is NOT like a share of stock! Even though some
brokers and "investment advisers" may market them this way - that's because
either (a) the salesman has not taken the trouble to understand the
partnership concept, or because (b) it's easier to sell if the details are
omitted - or (c) both. A limited partnership is different from a general
partnership only because (a) your risk is limited to the cash you have put
in (like a common stock) - UNLESS you have somehow committed yourself
further, and (b) you don't get a vote in managing the partnership.
Skipping all the other MANY differences between partnerships (limited or
general) and stocks, let us just mention for today that you do not pay tax
on distributions from partnerships. You DO pay tax on your share of the
partnership's income each year, even if you don't receive a nickel of it
that year. (Just like you pay tax on interest earned by your savings
account, even if you let it compound.) Likewise, you can deduct your share
of the partnership's loss each year - subject to many complex limitations,
such as whether you actually are "at risk" of losing more than the cash you
have invested.
Too many changes have happened to partnership taxation rules since I took
down my shingle a few years ago for me to attempt to give advice about how
to treat this kind of investment on your current tax return. But, you DO
need competent professional advice. In the meantime, for Quicken purposes,
you should open an Other Investment account and put your cash investment in
here. Go ahead and record any distributions you receive as a Return of
Capital, but don't expect to put that number on your tax return. Each year,
when you receive your Schedule K-1, it will probably show several numbers,
including beginning capital balance and additional investments less
withdrawals, plus both "ordinary" taxable income and other kinds of income
and losses. All or most of this must be reported in detail on your
individual income tax return, not just a net amount. Your partnership may
allocate to you shares of capital gains, special depreciation amounts,
depletion, and all sorts of other items that the tax code requires you to
deal with separately on your individual return. If you (or your accountant)
and the partnership's accountant have both done everything right, then the
year-end balance in your partnership Other Investment account should equal
the ending capital account balance shown for you on the K-1 you get from the
partnership.
None of that detail is necessary for the typical stock investment. Trying
to treat your LP investment as simply as a stock investment is just creating
a big mess which you will someday - at least once a year, I hope - have to
pay a professional to straighten out.
Unfortunately, none of this has anything to do with current market value of
the LP investment. ;>(
RC
--
R. C. White, CPA
(not currently licensed to practice)
San Marcos, TX
r...@corridor.net
"John O'Brien" <jnob...@erols.com> wrote in message
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