> On Jun 23, 2023, at 11:44, Fred Tydeman wrote:
>
> If I sell a stock for a profit, I can think of two ways to record the
> transaction.
>
> 1) Record the sale with the sell price. This results in less shares in
> the stock
> account, and more cash somewhere else; and two trending tran
If I sell a stock for a profit, I can think of two ways to record the
transaction.
1) Record the sale with the sell price. This results in less shares in
the stock
account, and more cash somewhere else; and two trending transactions.
This shows up as four splits.
But, then, how do
I waved from my kayak off the east coast of Australia yesterday.
Did you see me? Not likely unless Google Earth was updating its images in
the area at the time. Maybe the NSA noticed briefly.
I will take a closer look at the documentation to see if it can be improved
or clarified. The best way o
On 3/3/2021 3:21 PM, gnu Gord wrote:nclude
BTW, hello from Canada, I'm just across that little bit of water from you
on the west coast of Canada, I'll wave my hand out the window... I'm sure
you'll see it!! 😉😀
Well actually, in a couple of places, there is a bit of the US on the
Canadian side
Thanks David, you always give me lots to think about. As of right now, the
data is purely for my own consumption so I don't really have any tax
implications to worry about, but I may follow your advice just in case.
Perhaps the example in the documentation could be clarified to include
capital loss
GnuGord
You could use an Income sub-account, after all they are temporary equity
accounts anyway, but it is likely not the best way of doing it as your asset
may exist gaining (or losing) value over a number of years if you are not a
speculative investor but taxation only applies (CGT or income) i
Record losses as negative income.
Original Message
From: gnu Gord
Sent: Tue Mar 02 19:10:49 EST 2021
To: David Cousens
Cc: gnucash-user@gnucash.org
Subject: Re: [GNC] Capital Gains
Thanks for the explanation.
I was trying to follow the example in Chapter 11 of the GnuCash
IANA as well, but I think that because it is possible to record negative
gains under Income, I find that easier than creating companion loss
accounts for income every income account. It is a user preference in my
opinion.
On Tue, Mar 2, 2021 at 6:11 PM gnu Gord wrote:
> Thanks for the explanati
Thanks for the explanation.
I was trying to follow the example in Chapter 11 of the GnuCash
Documentation that seems to indicate the unrealized capital gains are
recorded in Assets:Fixed Assets... and I would record a transfer from
Income:Unrealized Gains...
However, I didn't understand how to reco
gnuGord, David,
There is nothing in accounting practice per se to stop you tracking
unrealized gains or losses for your own purposes, e.g. management of your
assets.
It is just that they are not usually recognized for purposes like taxation
and financial reporting as income or expenses for a bus
n and tell me
why I'm wrong.
Original Message
From: gnu Gord
Sent: Tue Mar 02 15:43:08 EST 2021
To: gnucash-u...@lists.gnucash.org
Subject: [GNC] Capital Gains
Are capital gains (and losses), both realized and unrealized, always
recorded as income, both positive and negativ
Are capital gains (and losses), both realized and unrealized, always
recorded as income, both positive and negative?
Thanks.
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Hi Bill
I don't think there is an easy solution to this in GunCash.
Like you, I have been using Lots to record the capital gains (great
feature for matching buys & sells), but I can't find a way to deduct
brokerage and any other fees from the calculated gain.
When I record a sale, I record t
I'm recently using Gnucash to record personal share trading, including
commissions, and whenever shares are sold I use scrubbing to capture capital
gains/losses in some custom Income accounts (short term and long term).
These transactions are recording across many Asset accounts (one per
secur
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