[GNC] Cost basis adjustment

[Michael or Penny Novack]

On 2/20/2025 11:36 PM, 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!

Not a gnucash question (yet). The accounting question presumably what 
accounts to debit or credit. When you received this special "dividend" 
check should have been debit cash (your bank account) and credit the 
basis of the security (what you paid for it. NOW a gnucash question, and 
I can't help, as do not account for stocks in gnucash.

Michael D Novack

-- 
There is no possibility of social justice on a dead planet except the equality of the grave.