[GNC] Capital gain with Return of Capital

Fred Tydeman tydeman.fred at gmail.com
Mon Sep 20 11:59:30 EDT 2021

The tutorial says how to correctly process return of capital -- it lowers
the basis price.  So, one has a larger capital gain.

I followed the instructions in the Tutorial for Return of Capital under

On Mon, Sep 20, 2021 at 6:52 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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