[GNC] Mutual Fund Dividend After Sale

[David Carlson]

Some DRIPS work that way

On Tue, Sep 6, 2022, 6:17 PM Jack Frillman <jcf_m_lists at me.com> wrote:

> Cash of course.
> How can you reinvest in something you no longer have?
>
> ——
> I smell carrots a-cooking and where there’s carrots, there’s a rabbit.
> — Yosemite Sam
>
> On Sep 6, 2022, at 7:04 PM, David Carlson <david.carlson.417 at gmail.com>
> wrote:
>
> 
> Jack,
> John Ralls asked whether you received shares or cash.  It makes a
> difference.
>
> On Tue, Sep 6, 2022 at 4:30 PM John Layman <
> john.layman at laymanandlayman.com> wrote:
>
>> I've had the same situation, but did add a zero-share split to the closed
>> account.  One side was a deposit to the brokerage core account, the other
>> to
>> Income:Dividends:Tax-Advantaged.
>>
>> -----Original Message-----
>> From: gnucash-user <gnucash-user-bounces+john.layman=ieee.org at gnucash.org
>> >
>> On Behalf Of Jack Frillman via gnucash-user
>> Sent: Monday, September 5, 2022 1:13 PM
>> To: gnucash-user at gnucash.org
>> Subject: Re: [GNC] Mutual Fund Dividend After Sale
>>
>> No I didn't delete the account?
>> Why would I do silly thing like that and lose all that history?
>>
>> The account is hidden because it's balance is 0.
>>
>> Reappearing means exactly what it says.
>> I was no longer in the account tree, i.e. list, because after the sale
>> it's
>> balance became 0. No matter how I record that late dividend the balance
>> becomes non 0 and the account reappears in the account tree or list.
>>
>> I don't under stand the last part.
>>
>> On 9/5/22 12:59 PM, Adrien Monteleone wrote:
>> > You deleted the account holding the fund after selling it?
>> >
>> > Otherwise, and unless you marked it 'hidden' it will always be there.
>> > Having activity in it doesn't change that. But you wouldn't have
>> > activity in it anyway from a dividend.
>> >
>> > What *exactly* do you mean by 'reappearing in my account list' and by
>> > 'screwing everything else up'?
>> >
>> > A Dividend receipt would normally be between some asset account
>> > ('bank' or a brokerage cash account if direct deposit, 'undeposited
>> > funds' if by paper check) according to how you received the money, and
>> > an Income/Revenue account, say 'Dividends Received'. The FundXYZ
>> > account shouldn't be touched at all.
>> >
>> > Regards,
>> > Adrien
>> >
>> > On 9/5/22 11:41 AM, Jack Frillman via gnucash-user wrote:
>> >> Last month I sold a mutual fund say XYZ.
>> >> Several weeks after the sale closed and the calendar date went into
>> >> the next quarter I received a dividend from XYZ.
>> >> How do I enter that dividend transaction for XYZ without having it
>> >> reappearing in my account list and screwing everything else up?
>> >
>> >
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>> --
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>> - Anonymous
>>
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>
>
> --
> David Carlson
>
>