12:36am -0000 06/11/26 David T. via gnucash-user <[email protected]>...:
>1) Almost any sale of shares will result in gains or losses, and you should >track them as such. Since they have no effect on taxes, I shunt mine all to >Income:Realized Gains:Untaxed:Untaxed LT Gains. Recent discussions here >regarding distributions suggest that there may be situations where the >gains in a retirement account need to be tracked and reported separately, >but as I have not yet crossed this threshold, I cannot comment. . . . I guess a distinction could be made between untaxed long-term and short-term gains. As far as the OP's specific question, for any management fee expense not tied to a specific sale of securities, offset it against interest. For tax law compliance, I am not aware of a situation in which a distribution from retirement funds could be a long-term capital gain and not ordinary income. I'd be grateful for an example if I'm getting it wrong. >On June 11, 2026 5:52:21 AM GMT+05:30, Sherlock <[email protected]> wrote: >>Hi Clint, >> >>Generally, there is no need to track lots in a 401(k) account. Otherwise, you >>should treat the "Realize Gain/Loss" as non-taxable capital gain income. For >>example, Income:Cap. Gain (long):Fidelity 401K:Fund A >> >>Regarding the "microscopic amount of cash", if this is a change in the value >>of a holding, this could be a rounding difference due to price accuracy or >>adjustment. If there is a cash transaction, I think Fidelity should be >>providing the reason. >> >>Regards, >> >>Sherlock >> >>On 6/10/26 1:36 PM, Clint Chaplin wrote: >>> This has absolutely nothing to do with using GnuCash itself, but rather >>> what accounts/structure I should be using, so you are perfectly free to >>> tell me this is the wrong place.... >>> >>> I have a 401(k) at Fidelity, and periodically an administrative fee or >>> bookkeeping fee is taken from the accounts. The funds for the fees are >>> raised by selling off microscopic amounts of the mutual funds the 401(k) is >>> invested in. I do understand that those sales are not considered >>> "disbursements" by the IRS, so no tax implications there. Also, the cash >>> that is raised by the sales I record as an expense, just to keep track of >>> it. >>> >>> The really fun part comes when I scrub the accounts and the "Orphaned >>> Gains" are generated, which seem to represent the "realized gains/loss" of >>> the microscopic amount of mutual funds that were sold. What the heck do I >>> do with them? They are not cash income in the sense that I would think of >>> it, but they don't seem to be equity, either. >>> >>> And, if that seems easy to you (it isn't to me), every so often Fidelity >>> will take some microscopic amount of cash from one of the 401(k) accounts, >>> but not sell any of the mutual fund to cover the expense. (we're talking >>> amounts up to $0.05). Fidelity seems to have conjured the cash out of >>> nothing, but I still would like to record it: the expense account to use >>> seems pretty obvious to me, but what "income" account should I use? >>> "Magic"? >>> >> >> >>_______________________________________________ >>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. >_______________________________________________ >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. > _______________________________________________ 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.
