On Fri, Feb 21, 2025 at 10:37 AM Michael or Penny Novack via gnucash-user < gnucash-user@gnucash.org> wrote:
> On 2/20/2025 11:36 PM, R Losey wrote: > > So, I just received my 1099-DIV and there are "non-dividend > distributions" > > (box 3). > > > > I'm told that I am supposed to reduce the cost basis by this amount, but > > I'm not quite sure how to do this in GnuCash. > > > > I did quick search, and didn't spot anything, but I'm not quite sure how > to > > go about doing this. > > > > Any thoughts? > > > > Thank you! > > Not a gnucash question (yet). The accounting question presumably what > accounts to debit or credit. When you received this special "dividend" > check should have been debit cash (your bank account) and credit the > basis of the security (what you paid for it. NOW a gnucash question, and > I can't help, as do not account for stocks in gnucash. > Thanks; I was uncertain of the accounting way (or even the GnuCash way) of recording a cost basis reduction. Fortunately, another person was able to point me to a return-of-capital transaction sample in the guide, and that was exactly what I needed. -- _________________________________ 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.
