Hi everyone, I'm trying to book a 401k fee. I'm using beancount, but
hopefully the syntax is similar enough:
; Assume the price for TraditionalIRA was $1/share when purchased
2021-01-03 balance Assets:TraditionalIRA 10 TRADIRA
; Now the broker wants to charge $0.50 in fees, and the price of
TraditionalIRA
; has dropped to $0.50/share. For tax purposes, the cost basis is all
; essentially zero, so (presumably to keep things simple) they just deduct
; (fee / share price) from the shares.
2021-01-04 * "Fee"
Assets:TraditionalIRA -1 TRADIRA @ 0.50 USD
Expenses:Fees 0.50 USD
2021-01-05 balance Assets:TraditionalIRA 9 TRADIRA
The problem is this is ambiguous about the cost basis now. It may not
matter for tax purposes, but I care. I'd like to simply deduct the 1
TRADIRA share from the lot purchased at $1/share, but that doesn't balance:
2021-01-04 * "Fee"
Assets:TraditionalIRA -1 TRADIRA {1 USD} @ 0.50 USD
Expenses:Fees 0.50 USD
; This transaction is -0.50 from balancing
So I suppose this makes sense since, because the price went down, I lost 50
cents, so that should come from somewhere.
What's a good account to take this from? Maybe Income:TraditionalIRA?
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