Microsoft KB Archive/223174

= How to track a loan from a 401(k) account in Money =

Article ID: 223174

Article Last Modified on 1/24/2007

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APPLIES TO


 * Microsoft Money 2007 Deluxe
 * Microsoft Money 2007 Home & Business
 * Microsoft Money 2007 Premium
 * Microsoft Money 2006 Deluxe
 * Microsoft Money 2006 Premium
 * Microsoft Money 2006 Small Business
 * Microsoft Money 2006 Standard
 * Microsoft Money 2005 Deluxe Edition
 * Microsoft Money 2005 Premium Edition
 * Microsoft Money 2005 Standard Edition
 * Microsoft Money 2005 Small Business Edition
 * Microsoft Money 2004 Deluxe Edition
 * Microsoft Money 2004 Premium Edition
 * Microsoft Money 2004 Small Business Edition
 * Microsoft Money 2004 Standard Edition
 * Microsoft Money 2003 Deluxe Edition
 * Microsoft Money 2003 Standard Edition
 * Microsoft Money 2002 Deluxe Edition
 * Microsoft Money 2001 Standard Edition
 * Microsoft Money 2000 Standard Edition
 * Microsoft Money 2000 Business & Personal Edition
 * Microsoft Money 99 Standard Edition
 * Microsoft Money 98 Standard Edition
 * Microsoft Money 98 Deluxe Edition
 * Microsoft Money 98 Financial Suite Edition

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This article was previously published under Q223174





SUMMARY
Microsoft Money does not link loan accounts to 401(k) accounts. This article describes how to track a loan from a 401(k) account.



MORE INFORMATION
To track a loan from a 401(k) account, follow these steps:
 * 1) Create a 401(k) Investment account with an associated Cash (contribution) account.
 * 2) When you add a transaction or split transaction to the 401(k) Investment account, add the transaction amount to the 401(k) Cash account.
 * 3) When you borrow from the 401(k) Investment account, withdraw the transaction amount from the 401(k) Cash account or transfer the amount from the 401(k) Cash account to a checking account.
 * 4) If you have automatic deductions to repay the loan from your paycheck, add a loan repayment line in the Split transaction.

If you pay the loan manually, deposit your loan payments in the 401(k) Cash account.
 * 1) For interest payments with a split paycheck, you need to create an Interest payment category in the split paycheck and transfer the principal amount to the 401(k) Cash account.

If you pay the loan manually, transfer the entire amount to the 401(k) Cash account and then create a separate transaction in the 401(k) Cash account to pay the interest.
 * 1) Use the 401(k) Cash account for any investment purchase (Buy Investment) transactions.
 * 2) Use the 401(k) Investment account to reinvest interest or dividends, to update share prices, and to split shares.

Additional query words: w_money money2k 4.0 5.0 6.0 7.0 8.0 9.0 m2001 Money98 Money99 Money2000 Money2001 Money2002 Money2003 Money2004

Keywords: kbenv kbhowto kbinfo KB223174

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