[GNC] Cost basis adjustment

[R Losey]

Yes, this seems to be a "return of capital" case. I'm going to look up the
reference (thanks!).

By the way, you neglected to include the list in your reply, so I added it
for this one.



On Thu, Feb 20, 2025 at 11:20 PM Terrence Branscombe <
thirdmoonimages at gmail.com> wrote:

> It sounds like a "return of capital" distribution to me; but, I'm not in
> your jurisdiction and am not familiar with the typical content of the
> form you mentioned.  In my experience, these 'non-dividend' distros come
> in two flavours: a "return of capital" or a "capital gains dividend".
> Only the former reduces your adjusted cost basis (ACB), so look for
> something on your form to confirm that.  Others familiar with this form
> can chime in here as well.
>
> As to the mechanics, here's some basic GC documentation with an example:
> https://www.gnucash.org/docs/v5/C/gnucash-guide/invest-retofcap.html
>
>
> Good luck.  Let us know how you get on.
>
> Terry
>
>
> On 2025-02-20 8:36 p.m., R Losey wrote:
> > So, I just received my 1099-DIV and there are "non-dividend
> distributions"
> > (box 3).
> >
> > I'm told that I am supposed to reduce the cost basis by this amount, but
> > I'm not quite sure how to do this in GnuCash.
> >
> > I did quick search, and didn't spot anything, but I'm not quite sure how
> to
> > go about doing this.
> >
> > Any thoughts?
> >
> > Thank you!
> >
>


-- 
_________________________________
Richard Losey
rlosey at gmail.com
Micah 6:8