2024-12-21 GnuCash IRC logs
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02:11:46 <TigerP> jralls: thank you for the answer
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02:41:01 <TigerP> since I'm a beginner with gnucash usage, what would go wrong if I would use gross pricing and automatic calculation?
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14:56:34 <jralls> TigerP, it depends on whether your trading costs are a significant portion of your trades. If you're using a discount broker and trading large values the trading costs are a rounding error and there's no difference. The flip side was a person on the mailing list the other day who had trouble with the Stock Assistant because her proceeds were the same as the commission so she netted nothing and the Stock Assistant wouldn't
14:56:34 <jralls> let her make the entry.
14:58:18 <jralls> Suppose she had paid $11 for the stock plus an $11 commision. In net terms (which is what most tax authorities want you to report) she has a $22 loss; in gross terms she broke even.
15:01:34 <jralls> GnuCash's capital gains calculation looks only at the stock's account so if you expense the commissions and fees it would report the break even instead of the loss. If you then used the TXF report to fill out your taxes in TurboTax you'd end up paying too much capital gains tax.
15:09:20 <TigerP> and I read something about the Trial Balance report that would not be correct (in 9.7.2.1 of the guide)
15:10:03 <jralls> Consider this as well: Trading costs are part of your investment performance. That person on the mailing list had a 100% loss no matter what they paid for the shares.
15:13:54 <jralls> No, the trial balance report will still balance because the capital gain reflected in your stock account will get booked to income. Both will be too high so it will balance out.
15:14:12 <TigerP> so I could say that when I buy X number of stocks for $100 and have a $10 commission, I could also say I payed $110 for X number of stocks
15:15:05 <TigerP> because I will not get the $10 commission fee back
15:16:44 <jralls> Right. That's your real basis, and when you sell that stock for $100 with a $10 commission and a $5.00 SEC fee you didn't break even, you lost $25.
15:19:17 <TigerP> so then I could say I sold that stock for $85
15:20:03 <jralls> Yup. And that's what the IRS wants you to report on your Schedule D.
15:20:47 <TigerP> since I'm not in the USA, I still have to see what my tax agency needs from mee
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15:26:05 <jralls> If your tax authority wants you to report gross amounts then that's how you should keep your book so that you can do your taxes correctly. In that case for tax purposes the lots facility will get you the capital gain number that the tax folks want.
15:30:01 <TigerP> thank you again for you time and explainations
15:30:24 <TigerP> I'll investigate what my tax authority wants
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17:56:16 <Robert847> I am having a problem with Windows 10 losing control of GnuCash 5.10. Right now the Gnucash window only has a border and if I move the curser over menu area the buttons will appear but the rest of the window does not appear. It will 'cover' what is behind the window so the curser cannot access that other window unless I use some other method such as several Alt-tabs to put the focus on the other app. Windows does not report
17:56:16 <Robert847> s not responding.
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17:59:17 <Robert847> I suspect the only thing I will be able to do is use some Windows method to close GnuCash.
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18:01:56 <Robert847> Earlier GnuCash crashed but I was able to restart it and enter a few transaction edits and save teh file before this problem developed
18:03:50 <Robert847> sso there is no asterisk in the window title par so theoretically I won't lose any edits if I kill it, but what is going wrong here?
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