Michael,
It was a GnuCash question about why a closed lot didn't result in
GnuCash creating a capital gain transaction. It was not a question about
if I owed capital gain taxes. What I missed was that the lot was closed
with no capital gain so that's why GnuCash doesn't create a capital
gains
Geoff,
On 9/29/24 10:48 PM, Geoff wrote:
Hi Michael
I assume that you want to retain the original lot so that you know the
acquisition date associated with it when you ultimately dispose of it
and realise a capital gain/loss? Unfortunately I do not believe that
the Lots functionality in Gnu
On 9/29/2024 10:20 PM, Michael Matz wrote:
Geoff,
Thanks for detailed example. It looks similar to a suggestion made in 2012
that I had dismissed because it closes out the original lot, which I am
hoping to avoid.
Why does that not create a capital gains transaction?
That is NOT a gnucas
Hi Michael
I assume that you want to retain the original lot so that you know the
acquisition date associated with it when you ultimately dispose of it
and realise a capital gain/loss? Unfortunately I do not believe that
the Lots functionality in GnuCash is sophisticated enough to do that.
A
Geoff,
Thanks for detailed example. It looks similar to a suggestion made in 2012
that I had dismissed because it closes out the original lot, which I am
hoping to avoid. Why does that not create a capital gains transaction?
https://lists.gnucash.org/pipermail/gnucash-user/2012-March/044159.html
ompany and scrub the account again to re calculate the cap gain
>
>
>
> Saludos Cordiales
>
>
> Murugan
> --
> *From:* gnucash-user hotmail@gnucash.org> on behalf of Michael Matz >
> *Sent:* 29 September 2024 18:52
> *To:* gnuca
-user@gnucash.org
Subject: [GNC] stock spinoff and lots
I've been using GnuCash for my personal finances for many years. I've
not used the stock lot feature until recently and am working thought my
old data and adding stock lots and capital gains transactions.
How do I add a transactio
I've been using GnuCash for my personal finances for many years. I've
not used the stock lot feature until recently and am working thought my
old data and adding stock lots and capital gains transactions.
How do I add a transaction to a lot, which changes the cost basis but
not the number of s
I usually Google search out the OCC Memo on the split or spinoff, as it does a
precise analysis of the basis. (OCC Options Clearing Corp manages stock option
contracts traded on Options markets).
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The company says that they will post an IRS Form 8937 later this week with
the information.
On Sat, Dec 3, 2022 at 6:48 PM Geoff wrote:
> Hi Fred
>
> First up you need more details on this transaction to determine the
> exact nature of the spin-off, the valuations, and whether ABC treated it
> a
Companies used to send shareholders a letter stating the relative valuations of
the spun off and original shares, but the last couple of spinoffs I've had they
instead posted it on the original company's website and I had to Google for it.
In some cases you might have to find the SEC filing for
Well said, Geoff.
I'd add that creating the new share is a simple process of making a transaction
that adds the new share to its account.
It's the determination of cost basis (for both the original shares and the new
share you received) that complicates things. These affect future gains
calc
Hi Fred
First up you need more details on this transaction to determine the
exact nature of the spin-off, the valuations, and whether ABC treated it
as a dividend, capital reduction, or combination of both. Was there a
cash payment as well? Any fractional shares involved? Were capital
gain
In looking at the Help file within GnuCash, I found a section on Splits and
Mergers. After reading that section, I still do not know how to enter a
Spinoff. That it, I have 25 shares of ABC stock. They did some kind of
spin off and gave me 1 share of XYZ stock. I still have 25 shares of ABC.
Ho
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