On Fri, May 07, 2021 at 07:24:58PM +0100, Caesar Schinas wrote: > On 7 May 2021, at 18:51, James Cook <[email protected]> wrote: > > I don't think I completely understand what you're doing. E.g. I'm not > > sure where 977.88 GBP comes from. > > Ha, I’m not sure I do either, which is why I posted here :-) > > The 977.88 GBP is my profit (984.48 GBP by selling the shares, minus 6.60 GBP > fee). It’s the actual profit I made – the amount that the purchase and > subsequent sale altered my account balance. > It’s about the only invariant here: the profit is 977.88 GBP. That must be > the outcome of whatever accounting method I use, as it is the amount of > profit I actually made. > > > I'm certainly no expert, but how I would account for this depends on > > which country I'm doing my taxes for. (My plugin tries to do both at > > once, at the cost of some added complexity.) > > > > For the US, (I think) my PnL should be computed just using the USD > > amounts. So it should come out to (175.81-54.13456)*11 = 1338.43 USD. > > That would make sense if my account balance was in USD and so that could be > conceived as the amount of profit I had made. But it isn’t (see above) so > that figure is somewhat illusory – the change in exchange rate wiped out a > chunk of it.
That's a good point. I'm not sure how that interacts with US taxes, though. My guess would be that (for the US) you're supposed to compute it in USD anyway, and then if you like, you could also compute your gain/loss on the currency exchange, separately. But I'm not sure. Good luck! -- James -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/20210507183946.eaijg7lzvzwi6jss%40moth.falsifian.org.
