Apologies: I sent this to the OP rather than to the list. I know we discussed having the list set Reply-To the list rather than the individual, but I can't remember why that was rejected.
-------- Forwarded Message -------- Subject: Re: [GNC] Short-Term Capital Gains question - Entering Mutual Fund or EFT Distribution Date: Fri, 21 Jan 2022 16:06:36 -0800 From: Stan Brown <[email protected]> To: Art Chimes <[email protected]> On 2022-01-21 10:42, Art Chimes wrote: > This confuses many people because for tax purposes the STCG amounts are > lumped in with dividends on Schedule B, as opposed to Schedule D, > where LTCG (frequently referred to as just plain "capital gains") are > reported. > There may be exceptions; I don't know. > > Since STCG are combined with dividends at tax-reporting time, is > there any need to use a STCG-only Income account in Gnucash, or can > one safely put dividends and short-term capital gains in the same > "dividend" income account. My view is this: accounting for short-term capital gains, long-term capital gains, and dividends separately doesn't take much time, and if ever I do need the separate totals they will be much easier to find. Who knows? in a future tax year the tax treatment of dividends and short-term capital gains may diverge. And then I'll be very glad I was accounting for them separately. -- Stan Brown Tehachapi, CA, USA https://BrownMath.com _______________________________________________ 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.
