[GNC] Capital gain with Return of Capital
tydeman.fred at gmail.com
Mon Sep 20 11:55:41 EDT 2021
On Mon, Sep 20, 2021 at 8:26 AM Jean-David Beyer via gnucash-user <
gnucash-user at gnucash.org> wrote:
> > was return of capital. I have not yet learned how to enter a return of
> > capital in GnuCash....
> Do you not just subtract the capital returned from the cost basis?
Return of Capital
This refers to a transaction where an investment returns capital to the
investor and doesn't have any accounting implications other than reducing
the cost basis. The number of shares held is not changed.
A Return of Capital transaction can be entered in the stock register by
entering the stock split with
Sell Return of Capital value
The other side of the double entry would usually be a debit to the
brokerage bank account.
Attached is a screen shot of the account with the buy, rtn of cap, sell.
The capital gain shown is what Quicken calculated (not Gnucash).
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