Capital Gains Advice

[Derek Atkins]

Hi,

"Mike Roberts" <Mike at roberts-engineering.com> writes:

> Where is the View Lots?  And what is "scrub"?  I am still on Version 2.2.9.

Actions -> View Lots...

> Is that new to 2.4?

Nope.

> Mike Roberts

-derek

> -----Original Message-----
> From: gnucash-user-bounces at gnucash.org
> [mailto:gnucash-user-bounces at gnucash.org] On Behalf Of Mike C.
> Sent: 02/01/2011 7:28 AM
> To: David T.
> Cc: Users Gnucash
> Subject: Re: Capital Gains Advice
>
> After entering the sell transaction, I go to the View Lots and scrub. 
> It then adds the gain or loss transactions based on FIFO for the lots
> purchased.  You then have to change the account to your capital gains
> account.  I haven't figured out how to include the commission in this
> transaction automatically.
> Mike
>
> On 1/31/2011 7:02 PM, David T. wrote:
>> Anyone?
>>
>> --- On Thu, 1/27/11, David T. <sunfish62 at yahoo.com> wrote:
>>
>>> From: David T. <sunfish62 at yahoo.com>
>>> Subject: Capital Gains Advice
>>> To: "Users Gnucash" <gnucash-user at gnucash.org>
>>> Date: Thursday, January 27, 2011, 9:10 PM
>>> Having spent a good while just now
>>> trying to (re) grok the concept of capital gains and how to
>>> account for them in Gnucash, I am wondering whether anyone
>>> has better instructions than those found in the Guide at
>>> 8.1. 
>>>
>>> As I see it, the descriptions included in the guide are
>>> overly simplistic, and don't address some fundamental
>>> points:
>>>
>>> 1) Is there a simple and principled way to calculate cost
>>> basis in Gnucash? I spent a while figuring out my cost per
>>> share, and then trying to figure out how to get that
>>> reflected in the register. I only had one or two share
>>> transactions to consider; I shudder to imagine trying to
>>> figure out cost basis on (say) a mutual fund account that
>>> has reinvested dividends over the years at different prices
>>> and in minute fractional shares, and then selling a major
>>> chunk at a later date... The simple example included in the
>>> guide glosses over this significant question!
>>>
>>> 2) Commissions need to be discussed in the guide and
>>> included in the example, since (as I, a Non-Accountant
>>> understand it) commissions affect one's cost basis in a
>>> stock. I believe that I got this right, but I don't know for
>>> sure...
>>>
>>> Clarification and edification are welcome. If I can get my
>>> mind around all this, I will try to recommend some changes
>>> to the docs.
>>>
>>> David
>>>
>>>
>>>       
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>>
>>       
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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