The trick to adjusting the basis of a security position in GnuCash is to start in the security account register then when on the security split line of the transaction fill in description Tab enter security name Tab enter zeroTtab enter zero Tab enter the currency value (negative to reduce basis) Tab Tab into next split line. The income or loss goes in another line with the income account.
IIRC There is a description in chapter 9 of the Tutorial. On Tue, Aug 8, 2023 at 8:04 PM Fred Tydeman <tydeman.f...@gmail.com> wrote: > I am getting the numbers from my Fidelity 2022 tax report. > It has the following sections: > 1099-DIV > 1099-INT > 1099-MISC > 1099-B > 1099-DIV > Account Fees > Addition to Basis > Foreign Income and Taxes Summary > > Two of my mutual funds had Addition to Basis information. > DFA Int'l Small Cap Value > DFA Int'l Small Company Portfolio > > > > On Tue, Aug 8, 2023 at 7:52 PM Brad Morrison <bradmorri...@sonic.net> > wrote: > > > Hi Fred/Derek/flywire/all, > > > > Maybe I am just not understanding the situation as you are describing > > it, but I have not ever seen a 1099DIV (the USA's IRS form for > > accounting for dividend payments - > > https://www.irs.gov/forms-pubs/about-form-1099-div) that also listed > > basis adjustments on it...? But I have only seen a few foreign/non-US > > dividend statements... > > > > I understood basis adjustments to be accounted for when the asset is > > sold and the most common adjustments for US stocks are wash sales, but I > > can't ever remember seeing those noted on a 1099DIV, they are usually > > recorded on a 1099B (https://www.irs.gov/forms-pubs/about-form-1099-b). > > > > If the asset is not being sold/disposed of > > (https://www.irs.gov/forms-pubs/about-schedule-d-form-1040 & > > https://www.irs.gov/taxtopics/tc703), would just making a note that > > could carry forward to the next year be the easiest thing to do? > > > > Maybe I am just not understanding, are there more details that you could > > share with us? > > > > Thanks, > > > > Brad > > > > P.S. Although I like to include all the related emails in my response, > > Thunderbird (the email client I use - > > https://www.thunderbird.net/en-US/) is separating flywire's email, even > > though it has the same subject line, from Fred & Derek's emails...? > > > > > > On 8/8/23 13:32, Derek Atkins wrote: > > > Hi, > > > > > > On Tue, August 8, 2023 4:12 pm, Fred Tydeman wrote: > > >> How does one record an Addition to basis for a stock? > > >> > > >> The splits involved are: > > >> Income: qualified div > > >> Income: non-qualified div > > >> Expense: foreign tax > > >> Asset: cash > > >> Imbalance -- should be addition to basis > > >> > > >> I have tried changing the Imbalance to > > >> Asset: stock > > >> with a price of 0.00, but gnucash adds shares with a price of 1.00 > > > ISTR there are "issues" with this... Keep in mind, when entering data > in > > > the stock account, you need to enter TWO of the three values (#shares, > > > price, and value), and GnuCash will compute the third. Note that it's > > the > > > #shares and total value that is stored, the price is always computed. > In > > > THIS particular case, you can TRY to enter 0 shares and the change in > > > value, but I'm not 100% sure GnuCash will like that. It's been a while > > > since I played in the stock accounts. > > > > > >> Please remember to CC this list on all your replies. > > >> You can do this by using Reply-To-List or Reply-All. > > > -derek > > > > > _______________________________________________ > > gnucash-user mailing list > > gnucash-user@gnucash.org > > To update your subscription preferences or to unsubscribe: > > https://lists.gnucash.org/mailman/listinfo/gnucash-user > > ----- > > Please remember to CC this list on all your replies. > > You can do this by using Reply-To-List or Reply-All. > > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > -- David Carlson _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
