Stock Basis and Capital Gains from sale
Steve Wallace
s.wal at verizon.net
Tue Jul 15 18:49:49 CDT 2003
On Tue, Jul 15, 2003 at 11:28:43AM -0400, Derek Atkins wrote:
> Steve Wallace <s.wal at verizon.net> writes:
>
> > For stocks I typically need to use the FIFO method of determining
> > basis, but sometimes need to specify the exact lots to be sold.
> > For Mutual Funds I typically need single category average cost
> > accounting but sometimes use FIFO.
> >
> > Sorry for such a basic question. I must be missing something, but I
> > don't see how find the basis or capital gains at all.
>
> Right now gnucash does not have this functionality. You need to keep
> track of the basis "by hand"... Sorry. It's being worked on....
Can anyone suggest a way to do this manually? Are people using GnuCash
for investments? I need to at least be able to calculate the basis
using either FIFO or average cost without adding up columns of numbers
with a pocket calculator. Then I need a report showing Date, Proceeds
of sale, and basis for each sale. Is this possible?
Thanks,
Steve Wallace
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