[GNC] Share Values recording

[Michael or Penny Novack]

Accounting question --- how does YOUR jurisdiction tax "gains or losses 
from sale of securities"? In other words, you might very much NOT want 
to do this in your main books, as would complicate matters at tax time.

This does NOT mean that you can't use gnucash to ALSO provide you with 
more realistic "net worth" information. I'm here in the US, where 
capital gains are taxed differently than "income" so I would not want to 
do what you propose in my main books. But if a large component of my net 
worth was in "unrealized gains" I might choose to have a separate set of 
books just for this purpose. That would not be a lot of extra work as 
the only transactions here would be acquisition and sale of assets plus 
periodic adjustments to market.

Like I said, this is a TAX issue. Thus you may be seeing people 
discussing adjusting to market in their regular books but they are 
talking about holdings in a 401k, IRA, Roth IRA, or other form of tax 
sheltered account.

Michael D Novack





On 8/11/2022 10:30 AM, Mahon Finbar wrote:
> Hello,
>
> I am trying to rationalise my shares (or things that have a moving 
> value) holdings.
>
> I understand the basics of GNU,  in that I have been a user for some 
> time and have been able to record transactions, create reports to 
> satisfy the taxman, etc., but I keep getting bits and pieces of 
> information from the various places where my shares are registered, 
> mostly about values and dividends and the like.
>
> I have a somewhat random selection of 'accounts' with information 
> about my (relatively small number) of holdings (a word that is a bit 
> strong for my situation)
>
> What I am aiming to do is get a simple account or accounts where I can 
> just register what I paid, what dividends and other income stuff I may 
> have had and items such as current value.
>
> Is there a simple source in the 'help' for creating that and what is 
> it called and what does it contain?? If not where should I start??
>
> Sorry to be a neophyte, but I am a bit frustrated.
>
> Finbar (located in Europe, but only really dealing in €)
>
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There is no possibility of social justice on a dead planet except the equality of the grave.