In my case there are no transaction fees, those are handled separately though a cash account. However that wouldn't explain why the numbers don't add up. Shouldn't GnuCash put the trades into lots and if I've sold off all of my shares shouldn't all of the buys minus the sells give me my capital gains? I'm trying what I feel like is a pretty simple account to understand how the automatic lots work. If it can't get that right, I can't trust it to get the gains right when I don't sell off all of the shares. Again, what am I missing in my understanding of how GnuCash does things that would explain why the numbers don't add up?
On Mon, 2024-10-07 at 09:43 -0500, David Carlson wrote: > Jon, > > There is a big 'Gotcha' in the calculation of capital gains and > losses consisting mainly of the transaction fees. IIRC, the lot > feature does not work correctly if you do not embed those costs into > the cost basis, but your brokerage confirmations usually list the > fees separately, so you need to be aware of that when you enter your > data into GnuCash. I am old school so I track gains in a spreadsheet > and manually link lots, so I have not tried using lots lately to see > if that has changed in the last few years. If you live in the U.S., > your brokerage statements list the correct values according to U.S. > law and whatever agreement you have with your broker regarding lot > selection, FIFO by default, or other. > > On Mon, Oct 7, 2024 at 6:26 AM Jon Schewe <jpsch...@mtu.net> wrote: > > I've been tracking my investments in GnuCash for some time, however > > haven't been using the capital gains features to track gains and > > losses. I recently spent time reading the sections of the manual > > about > > what accounts to create for gains and losses and how to use the > > lots > > feature to scrub an account to determine gains and loses across > > multiple transactions. I've now tried it on one of my investment > > accounts where I purchased shares over multiple transactions and > > then > > eventually sold all shares over some amount of time. So the balance > > in > > the account is currently zero. I tried using the automatic gains > > feature and am left with a question about the value of the gains. > > In my > > mind the gains/loses should be equivalent to me adding up how much > > I > > paid for all shares and subtracting from that how much I sold all > > shares for and that tells me my gains. I compared that with what > > shows > > up in my capital gains account after the scrub and they don't > > match. Is > > this expected and I'm not understanding something about how GnuCash > > computes capital gains? > > > > Jon > > > > _______________________________________________ > > 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.
