simple howto for selling stocks

[Charles Day]

On Sat, May 10, 2008 at 2:03 PM, Callum Murdoch <cem22b at gmail.com> wrote:

> Hi,
> I guess i did'nt explain properly, I have an ISA with 4 seperate fund
> holdings within it. I am transfering several of them to different funds.
> This is handled by the broker (Co-funds) by selling the ones i want to get
> rid of and buying the new funds i have chosen with the proceeds. This all
> under one account. These are also tax free investments.my structure is as
> follows
> Bestinvest (broker account)
> --Fund A
> -- Fund B
> -- Fund C
>
> selling B & C and buying D & E  all under Bestinvest.
>

I would do this as:
1. Sell B using the method described in the documentation.
2. Sell C using the method described in the documentation.
3. Buy D using the method described in the documentation.
4. Buy E using the method described in the documentation.

Except for the need to manually account for the capital gains, this is the
same as you would do in Quicken. Your broker should provide you with the
basis and capital gains figures.

Since you've said that the capital gains income is not taxable, I'd
recommend creating a specific income account for this, named something like
"Income:Tax-Free Capital Gains".

-Charles


> On Sat, May 10, 2008 at 9:30 PM, Derek Atkins <warlord at mit.edu> wrote:
>
> > Hi,
> >
> > Quoting corkscrew60 <cem22b at gmail.com>:
> >
> > I am a new user to gnucash i have swapped over from quicken. On the whole
> i
> >> like it better except for selling stock. I just cant get my head round
> the
> >> instructions given in the help file. Does anyone know of a simple howto
> >> giving a step by step on how to do this.
> >> I have an investment account set up with a number of funds within it. I
> >> have
> >> sold a complete subset and bought another all under the same investment
> >> account. The instructions in the help file mentioning setting up a
> capital
> >> gains account I dont see why i need this when the money from the sale
> >> satys
> >> within the investment account to make the new purchase of the different
> >> funds
> >>
> >
> > Are you buying the same funds/stocks from the other broker?  Or are
> > you selling FundA and buying FundB?  In the latter case then yes,
> > this IS a capital gain and you should account for it.  The basis of
> > FundB will be the ending value of FundA, but you still have a capital
> > gain on FundA from when you purchased it to when you sold it.
> >
> > See for example http://cvs.gnucash.org/docs/guide/capgain_example1.html
> >
> > Please remember to CC this list on all your replies.
> >> You can do this by using Reply-To-List or Reply-All.
> >>
> >
> > -derek
> >
> > --
> >      Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
> >      Member, MIT Student Information Processing Board  (SIPB)
> >      URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
> >      warlord at MIT.EDU                        PGP key available
> >
> >
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