[GNC] order of transactions for mutual funds

David Carlson david.carlson.417 at gmail.com
Wed Nov 14 13:37:58 EST 2018


If funds were used to buy a different security first then that security was
sold for a withdrawal and intermediate gains matter unlike in U.S.
custodial accounts, it could get very messy.

David C

On Wed, Nov 14, 2018 at 9:43 AM D <sunfish62 at yahoo.com> wrote:

> If OP is looking to track gains using FIFO, wouldn't the lots
> functionality work for them? I believe that it uses FIFO exclusively...
>
> David T.
>
> On November 14, 2018, at 8:23 PM, David Carlson <
> david.carlson.417 at gmail.com> wrote:
>
> I think that Christian is asking a slightly different question.  I
> interpret it that in one parent custodial mutual fund account he purchased
> Fund A on dates 1, 2 and later then sold some or all of Fund A and bought
> Fund B in the same custodial account on date 3.
>
> Now I am not sure if he needs to account for capital gain at that point or
> later on date 4 when he actually withdraws the funds from the parent
> custodial account.
>
> David C
>
> On Wed, Nov 14, 2018 at 8:05 AM Derek Atkins <derek at ihtfp.com> wrote:
>
> > Hi,
> >
> > On Wed, November 14, 2018 8:42 am, Christian Pinedo Zamalloa wrote:
> > > Hello,
> > >
> > > I would like to know if it is possible to order manually the
> transactions
> > > of a mutual fund account.
> > >
> > > When I transfer suscriptions from one mutual fund to another one, the
> > > order
> > > of the transfer transaction depends on the date when the transfer was
> > > done.
> > >
> > > However, it would be quite useful to reorder this transfer transaction
> > > because according to FIFO laws for mutual funds in my country,
> transfers
> > > of
> > > mutual funds mut be ordered according to the initial purchase not to
> the
> > > date of the transfer between funds. So:
> > >
> > > - Suscription of Fund A, date: 1, effective_date: 1
> > > - More Subscriptions, date: 2, effective_date: 2
> > > - Transfer of Fund A to Fund B, date: 3, effective_date: 1
> >
> > GnuCash does have multiple dates, which include the post-date,
> entry-date,
> > reconcile-date..  but only one visible date: the post-date.
> >
> > You have two options:
> >
> > 1) You could set the post-date to date 3 and put date 1 in the transfer
> > description, or
> > 2) You can set the post-date to date 1 (and put date 3 in the
> description).
> >
> > I can think of no other way to do what you want.
> >
> > Personally, (noting that IANAA), I would go with option 1.
> >
> > > Thanks!
> > >
> > > --
> > > Christian Pinedo
> >
> > > 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                 617-623-3745
> >        derek at ihtfp.com             www.ihtfp.com
> >        Computer and Internet Security Consultant
> >
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