Hi Christopher
FYI I have used multi-split transactions for this and similar scenarios
in the past and the Advanced Portfolio Report seems to take it all in
its stride.
Regards
Geoff
=====
On 19/02/2022 4:59 pm, Christopher Lam wrote:
Although the UI allows 1 transaction with splits in >1 stock, I believe
that there's zero likelihood that portfolio reports are written to handle
them. Therefore I would recommend that a stock merger is recorded as two
separate transactions -- (1) original stock sale as cash into the broker
account, recording capital gains in the process. (2) using the cash to
purchase new stock. This is very likely the cleanest record of a stock
merger. There's an upcoming stock-transaction assistant being worked on
which will assist creating stock transactions, and will *not* be able to
handle a stock merge in 1 step.
On Sat, 19 Feb 2022 at 04:16, Al <vanilla.sour...@gmail.com> wrote:
Geoff wrote:
Hi Al
We need to tweak your transactions to fix the cost basis on the Advanced
Portfolio Report.
Also from a tax accounting perspective, there are two ways to treat this
merger, depending whether it realised a capital gains event or not. I'll
cover both scenarios from a GnuCash perspective, but please note that I
am not an accountant.
Many thanks Geoff, the information that you provided will be quite helpful.
I'm waiting a bit on tweaking the transaction until I find out the
capitol gain status, although I am fairly sure that there is no capitol
gain other than the .72 fractional share amount. I'd just like to see
that in writing before committing the transaction.
Al
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