The way I do it personally (note: IANAA) is that I have an Assets:Fixed Assets:<House Address> account with subaccounts for, e.g. Purchase, Renovations, etc.
That way I account for improvements that change the basis, and the summed balance of A:FA:<HA> is my current basis. -derek On Tue, July 12, 2022 8:38 am, Tom Browder wrote: > I have looked at several accounting books and websites for an example of > accounting for an owner's personal residence and US fedral tax treatment > for improvements contributing to basis, but I haven't yet found a recipe > suitable for my lame level of bookkeeping knowledge. > > Can anyone point to such an example? The Gnucash docs do a good job for > business applications, and I will try to adapt that to my case, but a > better example for one's personal residence would be much appreciated. > > Best regards, > > -Tom > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > -- Derek Atkins 617-623-3745 de...@ihtfp.com www.ihtfp.com Computer and Internet Security Consultant _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
