Hi,
In the last couple of days, I have learned TONS about how to manage
capital gains with assorted lots in the GnuCash realm. The financial
institution I use has algorithms that adjust my accounts to minimize tax
implications. This results in sales against specific lots within
GnuCash, and I've been able to match sales with specific lots and
achieve numbers in GnuCash which match the institution's calculations.
All good!
However, I have one account with a single purchase, followed by a two
for one split, followed by a partial sale. Using the lots in this case,
however, yields wildly variant and incorrect results. In the attached
image, you can see the full transaction history, along with the lots
window indicating the assignment of the February sale to Lot 0 with a
loss of $169.96.
This happens because 7*53.29 (the original share price) = $373.03, and
203.07 - 373.03 = -169.96
If I choose to use Lot 2 for the match, the result is $203.07 gain
(7*0=$0 cost). This also is wrong.
The correct calculation is: $203.07 - (7 * 53.29 / 2) = $16.55, which is
what the institution is reporting. I am hesitant to adjust the gain
value to match this amount, as I suspect that GnuCash will then report
the account as out of balance. I have seen in the past that incorrect
gains calculations can throw off the balance sheet, with painful
remedies and memories. My questions here are:
1) Is there a way to have GnuCash properly track cost basis in an
account with a stock split?
2) If I arbitrarily change the gains transaction, will subsequent
balance sheet numbers be in balance?
3) What is the proper way to handle a stock split?
TIA,
David T.
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