Christopher Browne wrote:
< snip >
> > Now how do you enter stock purchase or sale? I think as a transfer
> > from a bank account to a stock account or vice versa. Again no
> > income/expense account involved... (Exept for transaction fees ;-))
>
> This is an ambiguous situation, as there are multiple *valid*
> perspectives:
>
> ---> From the perspective of taxation, a gain on a stock that has not
> been "actualized" by sale at the higher price is *not* a
> gain/profit for tax purposes.
Agreed, at least with current german tax laws.
> ---> From my perspective as someone tracking the state of my
> portfolio, I don't care that the government doesn't think I've
> got a gain; I'm concerned about whether my portfolio is gaining
> in value, and I'm glad to see the gain.
Again agreed. I want to see stock gains/losses.
John Hasler wrote:
> Keep in mind that stock is not money. You are not making transfers between
> bank and stock accounts: you are buying and selling property. Your 'stock
> accounts' are really inventories
That's a point. It would mean to treat stock like a tradesman treats
commodities.
But then the price must remain the purchase price. On sale this value
gets
transfered to a bank acoount and any profit/loss comes from an
income/expense
account. This may be the 'correct' accounting solution, but it would
prevent
stock price tracking, right? Comments? Suggestions?
To the other taxation related discussion in this thread:
I don't think that gnucash will ever have a button which spits out
your tax return. Every country has different tax laws and even worse
they change every year. But gnucash should provide reasonable numbers
to start your tay return with.
Now I should do the following:
1. persuade my empolyer to send me to an accounting course.
2. learn scheme to write gnucash reports ;-)
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