Leo, As I noted in the original thread you posted on this topic, unrealized gains should not be an income account, it should be an equity account. It should not reflect on your income figures or mess with your graphs at all.
When you actually sell and have a firm valuation, then you can convert the unrealized gain into a realized gain, which IS an income account. The only ‘traditional’ report you should see Unrealized Gains on, is the Balance Sheet in the Equity section. Regards, Adrien > On Jun 25, 2017, at 9:13 AM, Leo Bolta <lbo...@rogers.com> wrote: > > > Although I understand it does not seem to be standard accounting practice to > track appreciation on a condo which is a principal residence, I can't help > but want to implement incorporating very conservative periodic values into > GnuCash, possibly as much as twice a year as the condo represents a > considerable percentage of my net worth/portfolio. > > My attempt at treating the condo as a fixed asset with an unrealized capital > gain aspect was to incorporate the set-up as per 'Example 11.3 of Chapter > 11" in the GnuCash manual. However because of a quite a hot > real-estate/condo market, my unrealized gains are now so significant that > the previous unrealized gain dwarfs the fixed income amounts to the point > that the bar charts such as "Income/Expense Chart" displays a skyscraper > sized income bar in the graph, next to a very miniscule bungalow sized bar > representing my expenses. Prior to implementing the new set-up, the Income > vs. Expense chart was much more meaningful as a gage to monitor tangible > income against real expenses. I've even tried taking the total bi-annual > gain and evenly distributing the total into the past six months but the > reports still don't have the meaningful representation it once had for me. > > Because the condo is my principal residence which I don't have any intention > of selling anytime soon, is there a way to account for periodic appreciated > values, without it effecting income in such a profound way when the gains > are in reality mere paper gains? I am also not so concerned about the > eventual capital gain, since the sale of a primary residence are not treated > as a taxable gain here in Canada. > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > 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. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org 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.
