[GNC] Cost basis adjustment

[R Losey]

On Fri, Feb 21, 2025 at 10:37 AM Michael or Penny Novack via gnucash-user <
gnucash-user at gnucash.org> wrote:

> 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.
>

Thanks; I was uncertain of the accounting way (or even the GnuCash way) of
recording a cost basis reduction.

Fortunately, another person was able to point me to a return-of-capital
transaction sample in the guide, and that was exactly what I needed.

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