[GNC] Dealing With Tax To Pay On Stocks

Griffin griffin at bernevyl.com
Sat Nov 23 17:06:58 EST 2024


Hello,

I am in Canada and I trade US stocks via TD Active Trader. The 
confirmations I receive identify, for the buy leg, the gross transaction 
amount and the commission. For the sell leg they identify those two as 
well as the tax to pay

My hierarchy is

USD - Assets
         USD - Trading Accounts
                 TD Active Trader
                         USD - Margin Account
                                 SPY

USD - Capital Gain
         USD - Trading Accounts
                 TD Active Trader
                         Stocks
                                 SPY

USD - Expenses
         USD - Trading Accounts
                 TD Active Trader
                         Commissions and Fees
                                 Commissions
                                 Fees
                          Taxes To Pay

When using the wizard to record the transaction, I have the opportunity 
to specify the Commissions, so I just select the Commissions sub-account.

I don't see an option to record the Tax to Pay.

Any thoughts on this?

Thanks

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