On 9/2/2020 11:08 AM, D. wrote:
Michael,
Could you go into more detail about how one would enter, e.g., title insurance
in GnuCash so that it would apply to the cost basis of a property?
TIA,
David
Take a simple example. You write a check to pay something that is
properly part of the basis:
debit "basis"
credit "current account"
I was assuming that the only way could have been puzzled if instead had
done this:
debit "some expense account
credit "current account"
And then seen no way to get the "basis" involved. Well that transaction
was NOT properly an expense but the "purchase" of asset (a transfer
between asset account)
Michael D Novack
PS: Yes I know, at "settlement" when buying a house usually some complex
transaction with lots of debits and credits
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