Thanks for the replies! They help a lot and yes, it is a bad idea to let the
error go.
After reading the replies it struck me that the Advanced Portfolio report shows
a Cost Basis for the ESOP Stock. These were profit sharing shares of stock and
therefore the cost basis to me would be zero. I
On 2022-06-24 09:18, Jack Lockard wrote:
> How could I record a realized gain and only impact one side of the
> ledger? I don't think you can. Doesn't the imbalance have to be an
> improperly entered transaction?
If you're asking what I think you're asking, that's an impossibility --
not a
While I am not an accountant, I fail to understand why you need to record a
conversion from an unknown and unrealized gain or loss to a realized gain
or loss without it affecting your balance sheet. If you do not enter
realized gains and losses you do not have an accurate estimate of your net
Thanks for your reply.
How could I record a realized gain and only impact one side of the ledger? I
don't think you can. Doesn't the imbalance have to be an improperly entered
transaction?
I think I'll just give up. It's my personal finances so I guess, at the end of
the day, it doesn't
Following up on Derek's example, if you sold a stock at a profit you ended
up with extra cash that you either spent on something disposable or
purchased something durable, either of which should appear on your income
and balance sheets in the correct form for your tax calculations.
On Fri, Jun
Hi Jack,
On Fri, June 24, 2022 12:18 pm, Jack Lockard wrote:
> Thanks for your reply.
>
> How could I record a realized gain and only impact one side of the ledger?
> I don't think you can. Doesn't the imbalance have to be an improperly
> entered transaction?
The issue is that you have two
