Setting up commodity and maintaining by updating its value is considered a normal user activity in GNC ... whether it is your cup of tea or not that is different story.
-----Original Message----- From: Boniforti Flavio <bonifort...@gmail.com> Sent: Wednesday, September 25, 2024 2:24 AM To: R Losey <rlo...@gmail.com> Cc: gnucash-user@gnucash.org Subject: Re: [GNC] Owning stocks which are not publicly quoted - which account type suits better? Thanks R. In our legislation we get taxed 35% (when dividends are paid out we only receive 65% of them). After filing my taxes, and correctly declaring the dividends, the subsequent year I get back the 35%. Setting it up as "stock" type means adding the security stuff, which is not my cup of tea (I'm just a normal user) and also probably maintaining it (updating the values as they change yearly)... F. https://www.instagram.com/boniforti_music https://soundcloud.com/boniforti_music https://bonny-j.bandcamp.com Am Mi., 25. Sept. 2024 um 02:23 Uhr schrieb R Losey <rlo...@gmail.com>: > I think it could still be a stock - you'll just need to make sure the > settings are correct -- and, of course, you cannot update the price online. > > Dividends fall into three categories that I can think of (and I'm > using what I need for the US; not sure about your situation) > > Taxable dividend income (most common) > Non-taxable dividend income (some fund's dividends are not taxed in > the US) Deferred income from dividends (dividends paid on IRAs, for > example - for traditional IRAs, the money is taken when taken out; for > Roth IRAs, they are not taxed) > > I'm not a financial expert, so I may have missed something. > > > On Tue, Sep 24, 2024 at 3:57 PM Boniforti Flavio > <bonifort...@gmail.com> > wrote: > >> Hi. >> I'm partner and own stocks of the company I work for. This company is >> not on the public market. >> The stock value is defined once per year and dividends are then paid out. >> >> Do I understand correctly, that I don't have to set up a "stock" type >> account for this, as those stocks are not publicly traded? >> >> And the dividends are an account of type "income" - right? >> >> Thanks, >> F. >> >> https://www.instagram.com/boniforti_music >> https://soundcloud.com/boniforti_music >> https://bonny-j.bandcamp.com >> _______________________________________________ >> 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. >> > > > -- > _________________________________ > Richard Losey > rlo...@gmail.com > Micah 6:8 > _______________________________________________ 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.
