RE: Tracking Primary Residences

2017-06-26 Thread Leo Bolta
ards, Leo -Original Message- From: gnucash-user [mailto:gnucash-user-bounces+lbolta=rogers@gnucash.org] On Behalf Of Adrien Monteleone Sent: June-26-17 11:21 AM To: gnucash-user@gnucash.org Subject: Re: Tracking Primary Residences Leo, As I noted in the original thread you posted on

Re: Tracking Primary Residences

2017-06-26 Thread Adrien Monteleone
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

Re: Tracking Primary Residences

2017-06-26 Thread Mike or Penny Novack
On 6/25/2017 5:07 PM, Leo Bolta wrote: Excellent! I'll try tracking the property with periodic valuations in on a "off books" set of books as you suggest. Question: I assume that I'll still need to enter an "Opening Balance" of the property in my standard booking system, and so by what

Re: Tracking Primary Residences

2017-06-26 Thread David T. via gnucash-user
rom someone who may have > thought a similar situation through. > > Leo > > -Original Message- > From: David T. [mailto:sunfis...@yahoo.com] > Sent: June-25-17 11:40 AM > To: lbo...@rogers.com > Cc: gnucash-user@gnucash.org > Subject: Re: Tracking

Re: Tracking Primary Residences

2017-06-25 Thread John Ralls
g costs? > > Leo > > -Original Message- > From: gnucash-user > [mailto:gnucash-user-bounces+lbolta=rogers@gnucash.org] On Behalf Of > Mike or Penny Novack > Sent: June-25-17 3:37 PM > To: gnucash-user@gnucash.org > Subject: Re: Tracking Primary Residences

Re: Tracking Primary Residences

2017-06-25 Thread Mike or Penny Novack
On 6/25/2017 2:18 PM, Leo Bolta wrote: Why to track a primary residence may not make sense to an accountant but everyone's situation may be different. For example, one may live in a peak demand area and it may one day prove to be a timely decision to moving into less popular area, where prices

RE: Tracking Primary Residences

2017-06-25 Thread Leo Bolta
to get a reply from someone who may have thought a similar situation through. Leo -Original Message- From: David T. [mailto:sunfis...@yahoo.com] Sent: June-25-17 11:40 AM To: lbo...@rogers.com Cc: gnucash-user@gnucash.org Subject: Re: Tracking Primary Residences Leo, First, I

Re: Tracking Primary Residences

2017-06-25 Thread David T. via gnucash-user
Leo, First, I don’t understand why you sent your email verbatim again to the list. Next, it seems to me that if you didn’t track the unrealized gains on your condo (which are not actually real, BTW), then you wouldn’t have a problem with the graphing of the non-existent gains. While it may

Tracking Primary Residences

2017-06-25 Thread Leo Bolta
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