Beancount doesn't automatically compute implied prices based on transitive
prices.
All it does is impute the inverse price, and project the prices forward
(the last valid price--in time--is the one that's used).
You'll have to just update all of them.


On Sat, Dec 30, 2023 at 9:50 AM Lover O'Bean <[email protected]> wrote:

> I have defined three currencies which should all be equal to the current
> IRS Standard Business mileage rate[1], call them IRSB.T, IRSB.R, IRSB.F
> (tax-deductible, reimbursable, and "fixed" for when I borrow a vehicle from
> a friend or relative).  I would like to "peg" IRSB.R and IRSB.F to the
> official rate so that I only update[2] one.  What is the best practice?
>
> 1) Always update everything:
> 2023-01-01 price IRSB.T 0.655 USD
> 2023-01-01 price IRSB.R 0.655 USD
> 2023-01-01 price IRSB.F 0.655 USD
> ;
> 2024-01-01 price IRSB.T 0.67 USD
> 2024-01-01 price IRSB.R 0.67 USD
> 2024-01-01 price IRSB.F 0.67 USD
>
>
> 2) Update one and set the others equal every time
> 2023-01-01 price IRSB.T 0.655 USD
> 2023-01-01 price IRSB.R 1 IRSB.T
> 2023-01-01 price IRSB.F 1 IRSB.T
> ;
> 2024-01-01 price IRSB.T 0.67 USD
> 2024-01-01 price IRSB.R 1 IRSB.T
> 2024-01-01 price IRSB.F 1 IRSB.T
>
> 3) Set the "peg" initially and then only update one
> 2023-01-01 price IRSB.T 0.655 USD
> 2023-01-01 price IRSB.R 1 IRSB.T
> 2023-01-01 price IRSB.F 1 IRSB.T
>
> 2024-01-01 price IRSB.T 0.67 USD
>
> I assume that 3) will not work and that IRS.R and IRS.F would remain
> stuck at the old rate?
>
> I apologize that I don't have enough transactions yet to test this
> thoroughly.
>
> [1] The Beancount documentation talks about opening currencies when they
> were first created.  To spare others the agony, the 1964 1040 instructions
> seem to be the first to clearly reference a standard mileage rate: there
> was a major tax reform in 1964, but I didn't exactly see a reference to a
> standard mileage rate as part of that bill.
>
>
> [2] It seems that rate changes are usually announced through "IRS
> NEWSWIRE" service; email alerts for this service can be obtained through
> subscribing here:
> https://service.govdelivery.com/service/multi_subscribe.html?code=USIRS
>
>
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