[GNC] Cost Basis Report on Transaction

[Michael or Penny Novack]

On 7/2/2020 6:13 AM, gnucash at runbox.com wrote:
> I'm evaluating gnuCash for tracking investments.  For my taxes I need a report of all stock sales during the year, showing the cost basis.  Perhaps even a report of the lots used in a sale.  I cannot find any of these on Standard Reports.  Am I missing it somewhere?  Are these reports called something different?

Are you structuring your CoA and entering your stock transactions in 
such a way as this data readily available?

In a case like this, it might be useful to get an old accounting book 
from the days of pen and ink on paper to see what account structure used 
and how transactions entered because they had to produce this 
information back then too.

I will simply point out that some of the orgs I kept books for did 
things like selling tee shirts as fundraisers, different batches of 
shirt bought at different cost, and "gross sales" and "cost of goods 
sold" are line items on the 990/990EZ. In this case only needed the 
totals BUT could have structured the "gross sales" and "cost of goods 
sold" to be able to track separate things, not just total.

Michael D Novack

<< hint -- the transaction recording the sale of a tee shirt type x 
would not be just debiting "cash" and crediting "sales". It would also 
be debiting "cost of goods sold" and crediting "basis of x shirts". IF 
necessary to provide more detail, that could have been children  "sales 
of x shirts" and "cost of x shirts sold"