Income accounts are negative. Your transaction should be
2020-11-26 * "Coinbase" "Sell BTC at Coinbase"
Assets:US:Crypto:Coinbase:BTC -0.22712412 BTC {} @ 16539.50 USD
Assets:US:Crypto:Coinbase:Cash 3756.53 USD
Income:Crypto:Capital-gains -256.52 USD
And yes, your next transaction should draw from the cash in the Cash
account. Please read
https://beancount.github.io/docs/trading_with_beancount.html
On Mon, Jan 18, 2021 at 4:21 PM Ghanashyam Prabhu <
[email protected]> wrote:
> I am currently maintaining a beancount ledger file for tracking my crypto
> transactions and I'd like to seek advice on the workflow especially when
> recording capital gains from these transactions. Below is an example.
>
> Let's say I accumulated some BTC at some cost basis of 3500 and have a
> capital gain of 256.52$ from this transaction below. This transaction
> resulted in a total cash of $3756.53 which got deposited in my Coinbase
> account. What is the recommendation to track the capital gains correctly?
> Also is there a way I can automatically calculate short term and long term
> capital gains that could have resulted from this transaction?
>
> I currently plan to add the below
>
> 2020-11-26 * "Coinbase" "Sell BTC at Coinbase"
> Assets:US:Crypto:Coinbase:BTC -0.22712412 BTC {} @ 16539.50 USD
> Assets:US:Crypto:Coinbase:Cash 3500.00 USD
> Income:Crypto:Capital-gains 256.52 USD
>
> After this sell, I re-invested all of this cash of $3756.52 again to buy
> BTC again a few days later. At this point should I split the transaction to
> use the Cash of 3500 from Coinbase account and use a fresh $256.52 deducted
> from a different account (other than Crypto:Capital-gains)?
>
> I think I should be using $252.56 from a different account since using it
> from the Capital-gains account will reduce my actual Capital-gains to 0
> i.e. which is incorrect. On the other hand, using money from a different
> account is also incorrect since I re-used the money from total cash
> generated by the Sell transaction.
>
> Option 1 (this seems incorrect)
> 2020-11-28 * "Coinbase" "Buy BTC at Coinbase"
> Assets:US:Crypto:Coinbase:BTC 0.20778508 BTC {} @ 18078.87 USD
> Assets:US:Crypto:Coinbase:Cash -3500.00 USD
> Assets:US:BofA:Checking -256.52 USD
>
> Option2 (this seems incorrect since it reduces Capital-gains to zero)
> 2020-11-28 * "Coinbase" "Buy BTC at Coinbase"
> Assets:US:Crypto:Coinbase:BTC 0.20778508 BTC {} @ 18078.87 USD
> Assets:US:Crypto:Coinbase:Cash -3500.00 USD
> Assets:US:Crypto:Coinbase:Capital-gains -256.52 USD
>
> Please suggest what is a good way to handle this where I'd like to track
> Capital Gains at the end of the year for taxation.
>
> Thanks
> Ghanashyam
>
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