simple howto for selling stocks

[Derek Atkins]

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

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-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
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