[GNC] stock spinoff and lots

[Michael Matz]

Michael,

It was a GnuCash question about why a closed lot didn't result in 
GnuCash creating a capital gain transaction. It was not a question about 
if I owed capital gain taxes. What I missed was that the lot was closed 
with no capital gain so that's why GnuCash doesn't create a capital 
gains transaction.

Regards,

Michael


On 9/30/24 9:04 AM, Michael or Penny Novack via gnucash-user wrote:
> 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
>
>
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