Comments on: Quicken Updated My Prosper Account YTD ROI — 12.78% for account, 14.72% for Loans http://www.rateladder.com/2007/04/11/quicken-updated-my-prosper-account-ytd-roi-1278-for-account-1472-for-loans/ P2P Lending News, Information, Borrowing and Lending Strategy Fri, 16 Oct 2009 04:59:46 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Mutual Funds Debt http://www.rateladder.com/2007/04/11/quicken-updated-my-prosper-account-ytd-roi-1278-for-account-1472-for-loans/comment-page-1/#comment-37820 Mutual Funds Debt Thu, 21 Feb 2008 20:20:50 +0000 http://www.rateladder.com/2007/04/11/quicken-updated-my-prosper-account-ytd-roi-1278-for-account-1472-for-loans/#comment-37820 <strong>Union-Run Fund May Remedy Big Three's Health Care...</strong> Akron's Goodyear Tire and Rubber Co. and the United Steelworkers signed in December a contract that vested responsibility for retiree health care from the company to the union. Goodyear paid $1 billion up front, but it is no longer burdened to put tho... Union-Run Fund May Remedy Big Three's Health Care…

Akron’s Goodyear Tire and Rubber Co. and the United Steelworkers signed in December a contract that vested responsibility for retiree health care from the company to the union. Goodyear paid $1 billion up front, but it is no longer burdened to put tho…

]]> By: Kevin http://www.rateladder.com/2007/04/11/quicken-updated-my-prosper-account-ytd-roi-1278-for-account-1472-for-loans/comment-page-1/#comment-16396 Kevin Tue, 17 Apr 2007 17:13:19 +0000 http://www.rateladder.com/2007/04/11/quicken-updated-my-prosper-account-ytd-roi-1278-for-account-1472-for-loans/#comment-16396 I posted my responce here: http://www.rateladder.com/2007/04/17/accounting-for-prosper-in-quicken-strategy-update/ I posted my responce here: http://www.rateladder.com/2007/04/17/accounting-for-prosper-in-quicken-strategy-update/

]]> By: Kevin http://www.rateladder.com/2007/04/11/quicken-updated-my-prosper-account-ytd-roi-1278-for-account-1472-for-loans/comment-page-1/#comment-16203 Kevin Tue, 17 Apr 2007 05:00:18 +0000 http://www.rateladder.com/2007/04/11/quicken-updated-my-prosper-account-ytd-roi-1278-for-account-1472-for-loans/#comment-16203 I like the idea of my cost basis only being what I move into Prosper I will try it out... I like the idea of my cost basis only being what I move into Prosper I will try it out…

]]> By: Engrrob http://www.rateladder.com/2007/04/11/quicken-updated-my-prosper-account-ytd-roi-1278-for-account-1472-for-loans/comment-page-1/#comment-16074 Engrrob Mon, 16 Apr 2007 15:41:03 +0000 http://www.rateladder.com/2007/04/11/quicken-updated-my-prosper-account-ytd-roi-1278-for-account-1472-for-loans/#comment-16074 Question: would the principal repayment be considered a "return of capital?" as opposed to a sale? What are the implications of using one category over the other? I've taken a look at the irs (a search on the phrase returned numerous results) and wikipedia (http://en.wikipedia.org/wiki/Return_of_capital)websites on the topic, but I'm still a little hazy. I could only find the IRS applying the phrase to stocks and mutual funds. I've tried both in Quicken. Recording principal payments as sales resulted in my cost basis increasing when that payment was reinvested, but with return of capital used the cost basis did not increase. (Well, technically it did with the purchase, but it declined by an equal amount when the payment was recorded.) Question: would the principal repayment be considered a “return of capital?” as opposed to a sale? What are the implications of using one category over the other? I’ve taken a look at the irs (a search on the phrase returned numerous results) and wikipedia (http://en.wikipedia.org/wiki/Return_of_capital)websites on the topic, but I’m still a little hazy.

I could only find the IRS applying the phrase to stocks and mutual funds.

I’ve tried both in Quicken. Recording principal payments as sales resulted in my cost basis increasing when that payment was reinvested, but with return of capital used the cost basis did not increase. (Well, technically it did with the purchase, but it declined by an equal amount when the payment was recorded.)

]]> By: Adam Nash http://www.rateladder.com/2007/04/11/quicken-updated-my-prosper-account-ytd-roi-1278-for-account-1472-for-loans/comment-page-1/#comment-14494 Adam Nash Thu, 12 Apr 2007 05:22:03 +0000 http://www.rateladder.com/2007/04/11/quicken-updated-my-prosper-account-ytd-roi-1278-for-account-1472-for-loans/#comment-14494 Hi Kevin, I <a href="http://psychohistory.wordpress.com/2007/04/09/how-to-track-prosper-loans-in-quicken-2007-mac-os-x/" rel="nofollow">updated my post</a> with a pointer to your final updates. Glad I could help here - this issue of how to track Prosper in Quicken has been bugging me for more than a year! In terms of principal loss due to bankruptcy or settlement, my recommendation would be two transactions: 1) A "Sale" of shares to represent the decrease in principal. 2) A "Misc" expense, attributed to a "loss of principal" or "bankruptcy" expense to remove the cash from the account. Adam Hi Kevin,

I updated my post with a pointer to your final updates. Glad I could help here – this issue of how to track Prosper in Quicken has been bugging me for more than a year!

In terms of principal loss due to bankruptcy or settlement, my recommendation would be two transactions:

1) A “Sale” of shares to represent the decrease in principal.
2) A “Misc” expense, attributed to a “loss of principal” or “bankruptcy” expense to remove the cash from the account.

Adam

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