On Thu, Aug 10, 2023 at 3:12 PM Bakul Shah <[email protected]> wrote:
> [new user here]
>
> Consider this example snippet:
>
> 2023-06-18 * "Buy shares of XYZ"
> Assets:US:ETrade:Cash -110.00 USD
> Assets:US:ETrade:XYZ 10 XYZ {10.00 USD}
> Expenses:Financial:Commissions 10.00 USD
>
> 2023-07-21 * "Sell shares of XYZ"
> Assets:US:ETrade:XYZ -10 XYZ {10.00 USD} @
> 12.00 USD
> Assets:US:ETrade:Cash 110.00 USD
> Expenses:Financial:Commissions 10.00 USD
> Income:US:ETrade:Gains -20.00 USD //anything
> else yields an error with bean-check
>
> As I understand it, actual capital gains in this case would be 0 when you
> consider the two commissions.
>
At least in the US, yes. FWIW, what your ledger currently reflects is that
you made 20 USD in capital gains profits but paid 20 USD in commissions,
which is a legitimate way of looking at things, just not as convenient for
reporting "capital gains" for tax purposes.
> But if 20 shares were bought originally with a $10 commission, Cap gains
> income would be -5 dollars (since half of the original shares were sold).
>
> Is there a way to reflect the actual capital gains?
>
This is apparently not yet figured out.
See the documentation:
https://beancount.github.io/docs/trading_with_beancount.html#commissions
Also see my related question from yesterday:
https://groups.google.com/g/beancount/c/WnSDRjmp7k8/m/Srr_jhZpAgAJ
>
> Thanks!
>
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