Capital gains
Derek Atkins
warlord at MIT.EDU
Tue Jan 24 20:04:13 EST 2006
Quoting Eric Angell <eric at magicpacket.net>:
> My previous proposal applied to this transaction would look like
> the following:
>
> A:Inv:AmMargin $2989.00
> E:InvExp:AmMargin $8.00
> A:Inv:AmMargin:BRKb -1.00 $2997.00 $2997.00
> I:CapGain:AmMargin $1509.88
> A:Inv:AmMargin:BRKb 0.00 $0.00 $1509.88
>
> At least in this case, the sale price of the asset is clearly
> indicated, even though it requires an additional disingenuous
> split to make it balance. I don't really like either way.
>
> Derek, when you suggested using I:CapGains, how did you imagine
> the split fitting into the sell transaction?
This way... You sold 1 share for $2997, paid a fee of $8 for a net
proceeds of $2989 (that went into your Margin Account)... Then you
balance out the cap-gains with the $1509.88 split.
For the record, the SVN code should auto-insert the $1509.88 split-pairs
based on the purchase price of the lot used for this sale. Note that
I say "should".. I've not played with this code and it's probably not
well-tested.
-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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