[GNC] Where do 'opening liabilities' go?

[Patrick James]

A financial gain on the paintings, yes, but here in the US whether it's a taxable event if other paintings were purchased with the money is about the art of 1031.


> On 11/11/2024 8:01 AM PST Michael or Penny Novack via gnucash-user <gnucash-user at gnucash.org> wrote:
> 
> more, you do not have to record a gain (and pay tax on that). But 
> if/when you sold the paintings, you would have a gain even if you bought 
> other paintings with the money.
>