[GNC] stock spinoff and lots

[Michael or Penny Novack]

On 9/29/2024 10:20 PM, Michael Matz wrote:
> Geoff,
>
> Thanks for detailed example. It looks similar to a suggestion made in 2012
> that I had dismissed because it closes out the original lot,  which I am
> hoping to avoid.

>   Why does that not create a capital gains transaction?

That is NOT a gnucash question. That is a tax question for which you 
need an answer from somebody legally qualified to give advice for your 
jurisdictions (not us). Or of course you could look up yourself. In 
which case you would not be saying "why does it not ..." but referencing 
the pertinent paragraphs from the tax code (re: spin offs, capital gains)

I am NOT "qualified" to give such advice. << that doesn't mean I don't 
know the answer >>

Michael D Novack