Tracking a 401K investment

[Gary Holtum]

Changes in 401K value is not income until you draw it out. Then it becomes
taxable income.
Gary


-----Original Message-----
From: gnucash-user
[mailto:gnucash-user-bounces+diamondhranchqh=earthlink.net at gnucash.org] On
Behalf Of Joseph Hesse
Sent: Monday, December 14, 2015 1:32 PM
To: gnucash-user at gnucash.org
Subject: Tracking a 401K investment

Hi,

I have a 401K account from my previous employer from which I receive monthly
statements indicating whether the amount goes up or down. I am thinking of
tracking it in the following way

Create Asset:401K and Income:401K

I start Asset:401K with the current value from Equity:Opening Balance. 
If it increases in value, according to my monthly statement, I treat it as
positive income in Income:401K.  if it decreases in value, I still use
Income:401K but treat it as negative income.

Is this scheme just a matter of my personal preference or should I do
something else, like having decreases in value going to Expenses:401K?

Thank you,
Joe
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