[GNC] Example of accounts for a personal residence with entries for US tax basis

[Tom Browder]

On Tue, Jul 12, 2022 at 08:01 Derek Atkins <derek at ihtfp.com> wrote:

> The way I do it personally (note: IANAA) is that I have an Assets:Fixed
> Assets:<House Address> account with subaccounts for, e.g. Purchase,
> Renovations, etc.
>
> That way I account for improvements that change the basis, and the summed
> balance of A:FA:<HA> is my current basis.


Thanks, Derek. I think that’s all I need.

Best regards,

-Tom