If you do automatic online retrieval of stock/dividend transactions, are the dividend accounts in GnuCash required to be structured in a specific manner?
In the “GnuCash Tutorial and Concepts Guide”, paragraph 9.4.1SetupAccounts for Stocks and Mutual Funds, thereis a Note which states: “Ifyou want to track income (dividends/interest/capital gains) on aper-stock or fund basis, you will need to create anIncome:Dividends:STOCKSYMBOL, Income:Cap Gain (Long):STOCKSYMBOL,Income:Cap Gain (Short):STOCKSYMBOL and Income:Interest:STOCKSYMBOLaccount for each stock you own that pays dividends or interest.” Isthis sequence of dividend account levels a hard-coded requirement forretrieving dividend transaction information automatically...oris it merely a recommendation toillustrate how you can track dividends? I have someidentical stocks which are held in different accounts. For example,I hold some of the same stocks in my Traditional IRA account, my RothIRA account and also in my non-IRA brokerage account. Thus, I oftenreceive dividends from a given stock in all three accounts. If I set up accountsfollowing the above example and connect to the brokerage firm toretrieve transaction information in the background, it appears thatGnuCash would record all of my IRA and non-IRA dividends into asingle account. On the other hand,if I need to record dividend transactions manually, I think I wouldhave have my accounts something like this: - Income:Dividends:Brokerage:AMZN - Income:Dividends:Trad_IRA:AMZN - Income:Dividends:Roth_IRA:AMZN This would allow meto keep track of taxable and non-taxable dividends separately. Thanks in advance for clarification on this aspect! Larry Long _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
