[GNC] Tracking Unrealized Capital Gains

[Patrick James]

I'm guessing your understanding of how to use GNUCash is sufficient to accomplish whatever is best for your situation. Your question is more about what's best for your situation, and while you did not mention it directly, you also want to make sure that the information that you get is worth the cost of obtaining it. Sometimes people have reasons for tracking things, but the information is not worth its cost.

If you're talking about substantial tax liability, then I suggest talking to someone who has the skill and knowledge to minimize your tax bill. That same person should be able to give some guidance as to how to best account based on your specific situation, including when your taxes will be owing and due.



> On 07/23/2024 2:57 PM PDT David Warren <david at warren1.net> wrote:
> 
> Everything should have a *reason *for tracking.  My reason is that if there
> are gains in certain of my investment accounts, I don't want my net worth
> to appear higher than it actually is, and I want to be prepared for large
> tax bills (high class problem) where I will need cash to pay the government
> when investment gains are ultimately realized.
> 
> Thanks in advance for any tips or realized practices...
> 
> David