Entering Stock Information

[David Hampton]

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On Fri, 2002-01-25 11:30:15, Michael Ward Cole wrote:
>=20
> And the shares were a gift, so I didn't purchase them. But
> should I transfer from Equity:Opening Balances to the stock account or
> what?  Thanks for any help.

You should transfer the money from an income account so it is recorded
properly.  If I remember right, the first $10,000.00 per year in gifts
is tax free and anything over that is taxable (in the U.S.).

David


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