On Thu, Apr 22, 2021 at 11:09:27PM -0700, Max Katsev wrote: > Fair enough. I wanted to know if I'm missing something about the purpose of > tracking cost in beancount and I guess the answer that it's mainly for tax > reasons. > > It's not that I'm philosophically opposed to it, more like I have 5+ years > of transactions without the cost basis and I'm not sure how to start using > it now without having to backfill everything at once. Is there a good way > to record the lots I currently own (according to the brokerage) without > filling in all the history that led to their creation? > > Although I'm still not clear on why I should consider it income when my > 401k provider decides to automatically swap out the ETF I own to a > different share class with a different ticker and price.
If you're looking for solidarity: you're not alone. I also think it's a bit odd to consider that income. But practically speaking, I need to get my taxes done, so I account for things the way my tax authorities want me to. (Sometimes it involves some mental gymnastics; see my other recent thread.) -- James -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to beancount+unsubscr...@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/20210423175319.asfpy4f3dz3w5ghq%40moth.falsifian.org.
