Is this one way to use Lots to sell a Stock (assuming FIFO)?
Assumes one entered all the Buys of the stock without using any Lots.
In the stock account:
Actions
View Lots
Scrub Account; Close
That moves all lots in the
Splits free section to the
Lots in This Account section.
Then when sell some stock:
In the stock account:
Stock Assistant
Intro; Next
Date of sale (fill in); Description (fill in); Next
Type: Sell; Next
Shares (fill in); Next
Stock Value ($ when sell); Next
Cash Account (fill in -- bug: cannot pick the correct account)
Amount ($ when sell); Next
Fees (as needed); Next
Capital Gains Account (leave blank)
Amount (leave blank); Next
Finish; Apply
That creates a transaction of selling stock with cash going some place
(need to fix); along with the two Trading splits. But it does NOT
record any capital gain/loss. So, now do the next section here.
================
If one has a mixture of buys and sells already done,
either with or without Lots:
In the stock account:
Actions
View Lots
Scrub Account; Close
That moves all lots in the
Splits free section to the
Lots in This Account section.
Some of those lots will be Closed and applied to the existing sales.
There may be partial lot Open as the other part was used for a sale.
There may be full lots Open.
In the stock account, there will be new transactions with Orphaned
Gains to record the actual gain or loss. These will need to be
changed to the correct capital gain/loss account. They may need to be
split between short term and long term.
================
Questions:
Should one remove Commission splits before doing the above?
Is one really supposed to be able to pick any account in the stock
assistant for where the cash proceeds will go?
I am using GnuCash 5.12 on Fedora Linux 41 on Intel x86_64
Also tried GnuCash 5.14 on Fedora Linux 43 on Intel x86_64
The bug of not being able to pick the correct account that receives
the cash from a stock sale exists in both versions.
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