I have an investment where I don't know the cost basis and I'm not sure how
to correctly handle it in beancount.
I have an Australian supernannuation account that had contributions made
fortnightly over the period of a decade. The superannuation fund is
essentially a unit trust. I know how many units I have and they publish the
price once a day on their website. The cost basis isn't relevant for
Australian Tax Office purposes since withdrawals are taxed like in an
American 401(k). So I initially set things up like...
2017-01-11 * "Initialising First State Super account"
Assets:AUS:First-State-Super 93,639.814336 FSS_INTL @ 1.511152 AUD
Equity:Opening-Balances
After using beancount for a while, I've slowly realised that this causes a
few things to not work quite right. Or at least not as I expected. For
instance, this asset doesn't get included in the networth report because
there is no book value. It gets included in the cash report because it has
no book value. In fava's balance sheet display, it is listed in the "Other"
column as 93,639 FSS_INTL instead of being converted to AUD or USD.
I realise I could just give it a cost basis of $0 and treat it as a single
lot. Of course, if I do that then padding doesn't work. (Expenses get
subtracted every month and I currently just handle that by doing a pad
entry every year or so.)
Is that the best/only option I have?
Thanks again for making beancount!
Justus
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