[GNC] Return of capital, lots & accurate gains

[R Losey]

On Mon, Mar 31, 2025 at 6:32 PM Michael or Penny Novack via gnucash-user <
gnucash-user at gnucash.org> wrote:

> 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)
>

Right. It's just annoying that the quarterly payments don't break down the
"dividend" into how much is qualified, how much is RoC, and how much is a
regular (non-qualified) dividend. I have to wait until the 1099-DIV is
issued, and then go back and change the entries from the previous year.

The annoyance is not at GnuCash; it's at the lack of detail from the
investment company.

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