Art, AFIK, there is no tool in GnuCash to help you. I personally use a combination of a spreadsheet to manually track lots along with personally developed lot coding in the description of purchase and sale transactions. Then I depend on the broker to report it correctly to the IRS. In my case it has always happened to align with fifo, but my method works for an arbitrary sequence. I do not trade actively so I have very few examples in my database.
On Thu, Jun 20, 2024 at 7:51 PM Art Chimes <[email protected]> wrote: > I've searched and searched over the past couple of days, looking for some > assistance in how to record a transaction in GnuCash. I hope I can find > some answers here. > > Over a period of many years I acquired a significant number of shares in a > company I'll call TechCo. I'm selling off some of the shares to avoid > having an uncomfortable concentration of assets in that corporation. For > (U.S.) tax purposes I specified to my broker specific lots to sell so as to > minimize the capital gains hit. > > Most investors apparently use other conventions: FIFO (first in, first > out), LIFO (last in ...) average basis. All are permissible. FIFO is > apparently the GnuCash preference, since it seems to be the only one that > will auto-generate a capital gains calculation. > > I have searched GC's documentation and the mailing list and, for good > measure, Reddit and YouTube. However, I have not found an example or a > clear description of how to get my transaction into the program. > > Thanks for any help you can offer. > _______________________________________________ > 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. > -- David Carlson _______________________________________________ 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.
