ften than not, but I also see it in investments available to accredited
> investors.
>
> -Original Message-
> From: John Ralls
> Sent: Sunday, March 30, 2025 7:46 PM
> To: stepbystepf...@comcast.net
> Cc: gnucash-user@gnucash.org
> Subject: Re: [GNC] Return of cap
On Mon, Mar 31, 2025 at 6:32 PM Michael or Penny Novack via gnucash-user <
gnucash-user@gnucash.org> wrote:
> On 3/31/2025 5:18 PM, David Carlson wrote:
> > AFIK that issue with RoC is an artifact of US tax law, not GnuCash.
> Can't
> > do much about it.
>
> Not exactly simply "tax law". The probl
ailable to accredited
> > investors.
> >
> > -Original Message-
> > From: John Ralls
> > Sent: Sunday, March 30, 2025 7:46 PM
> > To: stepbystepf...@comcast.net
> > Cc: gnucash-user@gnucash.org
> > Subject: Re: [GNC] Return of capital, lots
On 3/31/2025 5:18 PM, David Carlson wrote:
AFIK that issue with RoC is an artifact of US tax law, not GnuCash. Can't
do much about it.
Not exactly simply "tax law". The problem/confusion is that they are
still called "dividends". Or do you know of some jurisdiction that taxes
"return of capi
accredited investors.
-Original Message-
From: John Ralls
Sent: Sunday, March 30, 2025 7:46 PM
To: stepbystepf...@comcast.net
Cc: gnucash-user@gnucash.org
Subject: Re: [GNC] Return of capital, lots & accurate gains
> On Mar 30, 2025, at 12:32 PM, Michael or Penny Novack via gnuca
I thought this discussion was about the fact that certain securities make
cash payments that brokers have to report as dividends on their
clients1099's that are later partially recategorized by the payor as return
of capital after the tax deadline has passed, which may require an amended
1099. I ha
> On Mar 30, 2025, at 12:32 PM, Michael or Penny Novack via gnucash-user
> wrote:
>
> On 3/30/2025 3:16 PM, Kalpesh Patel wrote:
>>
>> I was under the understanding that the effect of return of capital (RoC) is
>> that the capital gains get postponed until when you sell the commodity, and
>
I believe that is the correct treatment of it. I welcome weigh in from
pro's than I am.
-Original Message-
From: Alton Brantley
Sent: Saturday, March 29, 2025 1:40 PM
To: Gnucash Users
Subject: Re: [GNC] Return of capital, lots & accurate gains
Here’s how I handle this:
D
On 3/30/2025 3:16 PM, Kalpesh Patel wrote:
I was under the understanding that the effect of return of capital (RoC) is
that the capital gains get postponed until when you sell the commodity, and
that the cost basis gets reduced by it when RoC is distributed.
In the States, the financial servi
Here’s how I handle this:
During the year, these are mostly recorded as Income:Dividends. Occasionally
they are explicitly listed as Assets:Return of Capital.
When dividends are reclassified, I reduce Income:Dividends and increase
Assets:ROC.
Since the only time the ROC comes into play is upon
Hi Chris
Like you, I use Lots to automatically generate Realized Gain/Loss
transactions.
IMHO this is the correct approach:
> each lot I continued to own, I created two splits: one selling for its
> original cost basis and another buying for the lot’s adjusted,
reduced > cost basis. Then in
No. You enter a return of capital the same way regardless of whether trading
accounts are or are not used.
From: gnucash-user on
behalf of Fred Tydeman
Sent: Wednesday, March 22, 2023 6:47:29 AM
To: Gnucash Users
Subject: [GNC] Return of capital and trading acn
John Ralls-2 wrote
> That's an interesting way of handling an RoC. The only downside for those
> of us with different tax rates depending on how long we hold an investment
> is that it resets the purchase date, and if we're not paying attention
> might make one think at tax time that the $500 RoC w
John,
I thought the same thing on price, but if you look closely, the “1” is cut off
because the column is too small. The line total reflects that indeed, that
split was at $10.
Regards,
Adrien
> On Apr 19, 2019, at 9:55 PM, John Ralls wrote:
>
>
>
> Alen,
>
> Sorry, I missed the imgur li
> On Apr 19, 2019, at 2:34 PM, cicko wrote:
>
> John Ralls-2 wrote
>> IIUC the transaction that you're creating is between IPE and AUD. That
>> will cause trading account splits as they operate between any differing
>> commodity pair, not just between currencies.
>
> Right, that's what I woul
John Ralls-2 wrote
> IIUC the transaction that you're creating is between IPE and AUD. That
> will cause trading account splits as they operate between any differing
> commodity pair, not just between currencies.
Right, that's what I would expect.
John Ralls-2 wrote
> The example doesn't show sh
Alen,
Yes, I saw that.
IIUC the transaction that you're creating is between IPE and AUD. That will
cause trading account splits as they operate between any differing commodity
pair, not just between currencies.
I presume that you're working on the transaction in split view. In that view
GnuCas
> On Apr 19, 2019, at 12:24 AM, cicko wrote:
>
> Adrien Monteleone-2 wrote
>> Interesting that GC is throwing that Trading split in at all. The
>> transaction balances without it. I’ll presume this brokerage account for
>> the fund and the cash are both in AUD also?
>
> Correct. My case is in
John, I've included the answer to your question(s) in the thread continuing
on Adrien's answer. There may be something wrong with the insertion of the
adjusting splits.
In both cases, you might want to follow up there. Thanks!
--
Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f141
Adrien Monteleone-2 wrote
> Interesting that GC is throwing that Trading split in at all. The
> transaction balances without it. I’ll presume this brokerage account for
> the fund and the cash are both in AUD also?
Correct. My case is in AUD even though the example which suggests how to
post such
Interesting that GC is throwing that Trading split in at all. The transaction
balances without it. I’ll presume this brokerage account for the fund and the
cash are both in AUD also?
Does manually adding:
Dr.(buy) Trading:CURRENCY:AUD $500
Satisfy GC and avoid the pop-up?
The two Trading sp
Hi! Thanks for the feedback. Let me try to answer both your and John's
questions and perhaps a few details along the way.
> Let's say there is $1000 in 100 shares in IPE account.
2000-01-01 * Bought IPE
Assets:Investments:Broker:Shares:IPE100 IPE {10.00 USD} [2000-01-01]
@ 10.00 USD
Ass
> On Apr 17, 2019, at 8:03 AM, cicko wrote:
>
> I'm trying to record the recommended transaction as
>
> 2019-04-01 * Return of capital
> Assets:Investments:Broker:Cash 500.00 USD
> Assets:Investments:Broker:Shares:IPE100 IPE { 5.00 USD} [2000-01-01]
> @ 5.00 USD
> Assets
cicko,
I confess, while I use trading accounts (for PMs) I don’t track stocks, so
maybe I can’t be of help, but what are you expecting the balancing transaction
below to be?
I see three splits which appear balanced, one to cash for $500 (presumably
debit because it is listed as a positive and
I'm trying to record the recommended transaction as
2019-04-01 * Return of capital
Assets:Investments:Broker:Cash 500.00 USD
Assets:Investments:Broker:Shares:IPE100 IPE { 5.00 USD} [2000-01-01]
@ 5.00 USD
Assets:Investments:Broker:Shares:IPE -100 IPE {10.00 USD} [2000-01
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