need help setting up transactions for sale of house

[Derek Atkins]

You don't need the "bought" split.

-derek

Quoting J E <joele54 at yahoo.com>:

> I am trying to set up the accounting for the sale of a house
> in GnuCash.  I have already received the payment in my checking
> account, but I want to account for commisions/fees and also show
> the capital gain in a split transaction, but am unsure of how to
> do this.
>
> The numbers are:
> Checking acct. Deposit: $375000
> Sold (2007):            $400000
> Bought (1987):          $150000
> Commissions/fees:       $ 25000
> Net capital gain:       $225000
>
> I have tried doing a split transaction, but always wind up with
> an Orphan-USD, and totally confused.
>
> I have tried setting up:
>
> Assets:Fixed:House:Cost        $150000 (Equity:Opening Balances)
>
> to show the initial purchase, but the balance winds up being:
>
> - $150000.  Any help would be greatly appreciated.
>
> TIA.
> J. Estes
>
>
>
>
>
>
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-- 
       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