Capital Gains Advice

[brad]

Let your mutual fund, or broker figure it out :)

On Mon, 2011-01-31 at 17:02 -0800, 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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