Gnucash v2.6.17 on Windows 10 doesn't handle Return-of-Capital
transactions on a lot-by-lot basis. I'm not sure about v3.0.
The total basis can be reduced in a transaction but the gains/losses
won't be calculated correctly.
On 4/14/2018 1:14 PM, Alton Brantley wrote:
I am trying to deal with Return of Capital events happening over a series of
dates, therefore a series of lots.
For whatever reason, I am not able to adjust individual lot amounts.
Example:
Tx 0:January 1,2017
$1000 DR Stock:XYZ Corp 100 sh @ $10/shr
$1000 CR Cash
And in ACTION->View Lots make this Lot 0
Tx 1: March 1,2017
$10 DR Cash
Dividend for Reinvestment
$10 CR Income:Dividend:XYZ Corp
$10 DR Stock:XYZ Corp 1 sh@ $10/shr
$10 CR Cash
And in ACTION->View Lots make this Lot 1
Next 3 transactions identical to Tx 1
Tx 2: June 1,2017 (Lot 2)
Tx 3: Sep 1,2017 (Lot 3)
Tx 4: Dec 1,2017 (Lot 4)
Now, I have 104 shares of XYZ purchased over 12 months at $10/shr ($1040) in 5
Lots.
Then, in Jan 2018, my brokerage statement shows that $20 of the $40 Dividend
was Return of Capital.
I then enter the transaction
Tx 5: Jan 31, 2018
$20 DR Income:Dividend:XYZ Corp
$20 CR Return of Capital:XYZ Corp
So my total investment in XYZ Corp is now $1020 in 5 lots (100,1,1,1,1)
and my $20 gets allocated pro rata (100/104*$20, 1/104*$20, etc) or ($19.23,
0.19,0.19,0.19,0.20).
The last amount is adjusted up a penny because of small fractions to add up to
$20.
(In real life, the share price varied each quarter so fractional shares were
purchased).
The problem happens in the lots mechanism. I now want to enter the following
Transaction:
Tx 6:
$20 DR Return of Capital:XYZ Corp
$19.23 CR Stock:XYZ Corp Memo:this is ROC for Lot 0
$ 00.19 CR Stock:XYZ Corp Memo:this is ROC for Lot 1
$ 00.19 CR …
$ 00.19 CR …
$ 00.20 CR …
When I open ACTION->View Lots, none of the CREDIT splits show up for me to put
into their appropriate lots.
I don’t want to do a buy/sell of each lot, because I lose date tracking.
It would be nice if the Lots would show all Tx splits for Stock:XYZ Corp, even
the ones with 0 shares at 0 cost per share.
It appears my only option is to hold the ROC CR transactions until I sell XYZ
Corp, and then incorporate them into
the capital gain/loss reconciliation.
Any other suggestions?
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