Re: [GNC] Sale of stock using Lots

[David T. via gnucash-user]

David,  
 
 
 
 
 I'm not sure what your messages on this thread are getting at.  
 
 
 
 
 I don't imagine that GnuCash is a preferred platform for day traders, 
although I admit I'm not one, and wouldn't have a clue what specific needs 
a day trader might need from GnuCash.  
 
 
 
 
 Your day trading penalties sound similar to long/short term gains 
differences in the US. On such cases, GnuCash allows the user to manage 
such externals (for example, by using different accounts for long/short 
term gains) but doesn't explicitly have tools to do this proactively.  
 
 
 
 
 And the GnuCash lots feature (Tutorial chapter 9.7.2) uses FIFO to create 
capital gains transactions. Users can also have GnuCash scrub lots and 
generate gains automatically, although I'm not using lots because the 
feature can retroactively change reconciled entries 
(https://bugs.gnucash.org/show_bug.cgi?id=798583), something I object to on 
principle (even if the use case is decidedly in a corner). 
 
 
 
 
 
 
 
 
 Using lots FIFO might be good for calculating basis of capital gain or 
loss? 
 
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