[GNC] Capital gain with Return of Capital

[David Carlson]

Yes, but GnuCash keeps trying to enter a security price after trying to
zero it out, then the transaction is spoiled. Unless, that is, if you know
the secret...

On Mon, Sep 20, 2021 at 11:00 AM Fred Tydeman <tydeman.fred at gmail.com>
wrote:

> 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
> Investments
>
> 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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-- 
David Carlson