"Lots" are important when figuring capital gains taxes (in the US anyway).
When partially selling a stock position, it is useful to know when the
lots were purchased. If more than one year in the past, that lot
qualifies for a lower tax.
If there are losses in a stock position, it may be advantageous to sell
lots having been purchased less than one year ago - as Uncle Sam helps
out paying some of the losses.
On 10/09/2016 10:33 AM, Geert Janssens wrote:
On Sunday 09 October 2016 11:51:46 Chris Good wrote:
I'd like to also briefly mention that the Lots in Account window is
used for business functions for the links between invoices and
payments/credits.
Can some-one please confirm that in the business functions, the Lots
in Account window is used ONLY for viewing links between invoices and
credits?
I assume any actual linking should only be done by the business
functions, not this window?
In the context of business features the Lots in Account window is not
used in normal operation. In this context the lots are generated and
manipulated internally by the code and should normally not be used
directly. The only reason to go to the Lots in Account window is to
correct mistakes that are hard to correct otherwise (either due to bugs
in past versions of gnucash or due to unintended use of said features).
Some of these use cases are found on this wiki page
http://wiki.gnucash.org/wiki/Business_Features_Issues
On a side issue, there was a question recently on gnucash-user from
some-one else about trying to use lots for capital gain/loss of
currencies (commodities?), and I didn't see any response.
Can any-one confirm this is possible or is it just wishful thinking?
I don't know about this.
Likewise, I was wondering it is possible to use lots for capital
gain/loss of (possibly depreciated) fixed assets?
Same here.
Geert
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