[GNC] Return of capital, lots & accurate gains

[Michael or Penny Novack]

On 3/31/2025 5:18 PM, David Carlson wrote:
> AFIK that issue with RoC is an artifact of US tax law, not GnuCash.  Can't
> do much about it.

Not exactly simply "tax law". The problem/confusion is that they are 
still called "dividends". Or do you know of some jurisdiction that taxes 
"return of capital" (*)

Michael D Novack

* It's a matter of point of view. When YOU make a mortgage payment, 
that's part interest expense, part reduction of liability. But from the 
bank's point of view, that's interest income and ROC (on THEIR books the 
mortgage is an asset, and the principle portion of the payment is 
reducing that)