[GNC] Selling security using specified (arbitrary) lots

Art Chimes artsonline at gmail.com
Thu Jun 20 20:49:49 EDT 2024


I've searched and searched over the past couple of days, looking for some
assistance in how to record a transaction in GnuCash. I hope I can find
some answers here.

Over a period of many years I acquired a significant number of shares in a
company I'll call TechCo. I'm selling off some of the shares to avoid
having an uncomfortable concentration of assets in that corporation. For
(U.S.) tax purposes I specified to my broker specific lots to sell so as to
minimize the capital gains hit.

Most investors apparently use other conventions: FIFO (first in, first
out), LIFO (last in ...) average basis. All are permissible. FIFO is
apparently the GnuCash preference, since it seems to be the only one that
will auto-generate a capital gains calculation.

I have searched GC's documentation and the mailing list and, for good
measure, Reddit and YouTube. However, I have not found an example or a
clear description of how to get my transaction into the program.

Thanks for any help you can offer.


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