Stocks sales in Retirement Accounts

[Quark Z.]

On 07/18/2014 10:41 PM, David Carlson wrote:
> On 7/18/2014 8:57 PM, Quark Z. wrote:
>> Wow!  That was quick.  Thanks for the clarification.  I have set that
>> up now!
>>
>> Thanks!
>>
>> On 07/18/2014 09:50 PM, Robin Chattopadhyay wrote:
>>> It's still a loss. Just (in the U.S. anyway) not a taxable loss. So I
>>> have two separate Capital Gain accounts. One for taxable gains, one
>>> for non-taxable gains.
>>>
>>> Also, there's no loss on the *purchase.* Only the sale.
>>>
>>>
>>>
>>>
>>> On Fri, Jul 18, 2014 at 8:43 PM, Quark Z. <zquark32 at gmail.com
>>> <mailto:zquark32 at gmail.com>> wrote:
>>>
>>>      Hi,
>>>
>>>      I'm am getting the hang of splitting up stock sales.  However, in
>>>      a retirement account it is a little different because you don't
>>>      track capital gains & losses the same.  I'm trying to enter a sale
>>>      at a loss.  I have the following.
>>>
>>>      The Sell side is easy:
>>>      Gross sale = $500
>>>      Loss on sale = $60
>>>
>>>      The buy side is where I'm stuck:
>>>      Assets:Retirement = $493
>>>      Expense:Commission = $7
>>>      Loss = $60
>>>
>>>      My question is where do I post the Loss to?  It's not an
>>>      Expense:Capital Loss is it?
>>>
>>>      Thanks for the help!
>>>
>>>      Lou
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> Actually, you need to show the loss both in the security account and
> also either in an income account as a negative gain or in an expense
> account.  In either case, if it is in an American "Tax Qualified"
> account it is not taxable.  You can follow the example in Table 8.3 of
> the Tutorial and Concepts Guide.  It is a little tricky getting that
> second security line with zero shares (Tab) zero Dollars (Tab) Loss
> Dollars (Tab) to work without accidentally getting a non-zero price.  Do
> not despair, it can be done, be sure to only use the Tab key to navigate
> on that line.
>
> The reason you need to do that is to get the overall value of the
> security account back to zero when the last share is removed in order to
> make the books balance at the end of the day.
>
> Usually, in that type of account there is no explicit commission to
> consider.
>
> David C
>
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David,

I put the profit from the transaction into the retirement account 
directly.  Are you saying that I should put the profit from a 
non-taxable profitable trade into an account like Income:Non-taxable 
(and then transfer the income into Assets:retirement) or something like 
that?

Thanks!