Hello beancount community (beancounters?)
I have been struggling with how to manage retirement accounts in beancount.
I think my problem may be primarily a conceptual one. Where I get
particularly confused is in how to handle trades within retirement accounts
for stocks/funds that have gained value. In these cases we havent realized
income but there are trades that depend on the value gained for certain
stocks/funds.
I've included a minimal ledger below where I have tried to create an
example of where I get confused. In the case of a retirement account when
the rebalance transaction is performed there are gains relative to the
average cost of STOCK1. Right now this ledger will throw an error because
the rebalance transaction lot selection is ambiguous. The ambiguity could
be resolved with FIFO or LIFO bookkeeping but this is beside the point.
Say we set it to use FIFO bookkeeping. In this case the trade transaction
as it is currently written does not balance. In beancount where should we
say that $5 has come from? It isn't really income but it is necessary to
balance the transaction. I thought about using Equity but then this becomes
difficult to track the gains of the retirement account as a whole.
I'd appreciate guidance on how to best handle this. Thank you in advance!
-Alex
option "operating_currency" "USD"
2024-01-01 open Assets:BankAccount
2024-01-01 open Equity:Opening-Balances
2024-01-02 pad Assets:BankAccount Equity:Opening-Balances
2024-01-03 balance Assets:BankAccount 100 USD
2024-12-31 open Assets:Broker:STOCK1 STOCK1
2024-12-31 open Assets:Broker:STOCK2 STOCK2
2025-01-01 * "investment 1"
Assets:Broker:STOCK1 10.00 STOCK1 {1.00 USD}
Assets:BankAccount -10.00 USD
2025-01-02 price STOCK1 2.00 USD
2025-01-02 * "investment 2"
Assets:Broker:STOCK1 10.00 STOCK1 {2.00 USD}
Assets:BankAccount -20.00 USD
2025-01-02 price STOCK2 10.00 USD
2025-01-03 * "trade"
Assets:Broker:STOCK1 -5.00 STOCK1 {} @@ 10.00 USD
Assets:Broker:STOCK2 1.00 STOCK2 {10.00 USD}
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