[GNC] Capital gain with Return of Capital

David Carlson david.carlson.417 at gmail.com
Mon Sep 20 11:27:51 EDT 2021

Now that I bothered to read the Tutorial I see that there is an example but
it does not mention how to implement it.  It is tricky to extract cash from
a security account.  There is a description in the section on security
sales, but that, of course, describes how to attribute it either to long or
short term capital gains.  The description on entering capital gains
separately from the sale does not describe how to extract cash from a
security account, or specifically, how to enter the transaction in a
security account.

On Mon, Sep 20, 2021 at 10:10 AM David Carlson <david.carlson.417 at gmail.com>

> I would suspect that most of us have never had a return of capital and we
> would not know how to record such a transaction in GnuCash.  I myself have
> recently purchased a fund that pays a dividend, but they say wait until the
> end of the year to get a report of how much was capital gains and how much
> was return of capital.  I have not yet learned how to enter a return of
> capital in GnuCash....
> On Mon, Sep 20, 2021 at 8:52 AM Michael or Penny Novack <
> stepbystepfarm at comcast.net> wrote:
>> On 9/20/2021 12:01 AM, Fred Tydeman wrote:
>> > I have entered a buy of an ETF.
>> > The ETF has done several annual Return of Capitals (which I entered).
>> > I have entered a sell of all of the ETF.
>> > I used the Actions: View Lots: Scrub Account to create the Capital gain.
>> > The Capital gain calculated is wrong in that the Return of Capitals were
>> > ignored.
>> >
>> > If I did something wrong, what should I do?
>> Are you saying that these returns of capital were included in your
>> capital gains? (incorrect). In that case, I rather suspect that you did
>> not enter the transactions that were "return of capital" correctly (did
>> not credit the correct account). Please describe what you entered for
>> these return of capital transactions. Presumably the debit side of the
>> transactions was "cash" (some bank account). But what was the credit side?
>> Are you saying that the returns of capital were not included in capital
>> gains? That would be correct (at least they would in my jurisdiction)
>> Let's first settle the accounting questions before asking n terms of
>> what gnucash is doing.
>> Michael D Novack
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> --
> David Carlson

David Carlson

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