simple howto for selling stocks

[Callum Murdoch]

Hi,
I guess i did'nt explain properly, I have an ISA with 4 seperate fund
holdings within it. I am transfering several of them to different funds.
This is handled by the broker (Co-funds) by selling the ones i want to get
rid of and buying the new funds i have chosen with the proceeds. This all
under one account. These are also tax free investments.my structure is as
follows
Bestinvest (broker account)
--Fund A
-- Fund B
-- Fund C

selling B & C and buying D & E  all under Bestinvest.

On Sat, May 10, 2008 at 9:30 PM, Derek Atkins <warlord at mit.edu> wrote:

> 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
>
> Please remember to CC this list on all your replies.
>> You can do this by using Reply-To-List or Reply-All.
>>
>
> -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
>
>