A financial gain on the paintings, yes, but here in the US whether it's a taxable event if other paintings were purchased with the money is about the art of 1031.
> On 11/11/2024 8:01 AM PST Michael or Penny Novack via gnucash-user > <gnucash-user@gnucash.org> wrote: > > more, you do not have to record a gain (and pay tax on that). But > if/when you sold the paintings, you would have a gain even if you bought > other paintings with the money. > _______________________________________________ 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.
