Suppose, several years ago, I bought 100 shares of a stock for $5,000. Now, I give these 100 shares to my son and they are now worth $30,000.
It seems to me that I need to show: Expenses:Gifts $30,000 That is the amount of wealth that I no longer have. Also, that is the amount that goes on the gift tax return. Since I made no profit, the "sale" of the 100 shares would be for $5,000. Also, that amount would be the basis price for my son. So, do I record the "missing" $25,000 as Unrealized Gain Lost Equity Something else Looking in the Tutorial and Concepts Guide, I got two hits on "gift", neither of which was any help for this. _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
