[GNC] Owning stocks which are not publicly quoted - which account type suits better?

[Kalpesh Patel]

Setting up commodity and maintaining by updating its value is considered a normal user activity in GNC ... whether it is your cup of tea or not that is different story.

-----Original Message-----
From: Boniforti Flavio <boniforti.f at gmail.com> 
Sent: Wednesday, September 25, 2024 2:24 AM
To: R Losey <rlosey at gmail.com>
Cc: gnucash-user at gnucash.org
Subject: Re: [GNC] Owning stocks which are not publicly quoted - which account type suits better?

Thanks R.
In our legislation we get taxed 35% (when dividends are paid out we only receive 65% of them). After filing my taxes, and correctly declaring the dividends, the subsequent year I get back the 35%.

Setting it up as "stock" type means adding the security stuff, which is not my cup of tea (I'm just a normal user) and also probably maintaining it (updating the values as they change yearly)...

F.

https://www.instagram.com/boniforti_music
https://soundcloud.com/boniforti_music
https://bonny-j.bandcamp.com


Am Mi., 25. Sept. 2024 um 02:23 Uhr schrieb R Losey <rlosey at gmail.com>:

> I think it could still be a stock - you'll just need to make sure the 
> settings are correct -- and, of course, you cannot update the price online.
>
> Dividends fall into three categories that I can think of (and I'm 
> using what I need for the US; not sure about your situation)
>
> Taxable dividend income (most common)
> Non-taxable dividend income (some fund's dividends are not taxed in 
> the US) Deferred income from dividends (dividends paid on IRAs, for 
> example - for traditional IRAs, the money is taken when taken out; for 
> Roth IRAs, they are not taxed)
>
> I'm not a financial expert, so I may have missed something.
>
>
> On Tue, Sep 24, 2024 at 3:57 PM Boniforti Flavio 
> <boniforti.f at gmail.com>
> wrote:
>
>> Hi.
>> I'm partner and own stocks of the company I work for. This company is 
>> not on the public market.
>> The stock value is defined once per year and dividends are then paid out.
>>
>> Do I understand correctly, that I don't have to set up a "stock" type 
>> account for this, as those stocks are not publicly traded?
>>
>> And the dividends are an account of type "income" - right?
>>
>> Thanks,
>> F.
>>
>> https://www.instagram.com/boniforti_music
>> https://soundcloud.com/boniforti_music
>> https://bonny-j.bandcamp.com
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>
> --
> _________________________________
> Richard Losey
> rlosey at gmail.com
> Micah 6:8
>