I am in the USA and I've seen this happen as well. It's been some years (pre-GnuCash for me), but there was a way to do this in Quicken. I'm sure that there is a way to handle this.
I don't remember what causes a basis adjustment, but what the basis needs to change... if you have 100 shares at $10/share, the basis is $1,000.00. When the basis changes, the result should be that the original basis of $1000.00 changes; this can be lowered by increasing the share count (or vice versa). Let me add that I am not an accountant, nor a tax expert; I'm trying to pull up memories from a number of years ago when I had to deal with this in Quicken. I'm sure if Quicken could do it, there must be a way to do it in GnuCash. On Tue, Aug 8, 2023 at 8:03 PM Fred Tydeman <tydeman.f...@gmail.com> wrote: > I am getting the numbers from my Fidelity 2022 tax report. > It has the following sections: > 1099-DIV > 1099-INT > 1099-MISC > 1099-B > 1099-DIV > Account Fees > Addition to Basis > Foreign Income and Taxes Summary > > Two of my mutual funds had Addition to Basis information. > DFA Int'l Small Cap Value > DFA Int'l Small Company Portfolio > > > > On Tue, Aug 8, 2023 at 7:52 PM Brad Morrison <bradmorri...@sonic.net> > wrote: > > > Hi Fred/Derek/flywire/all, > > > > Maybe I am just not understanding the situation as you are describing > > it, but I have not ever seen a 1099DIV (the USA's IRS form for > > accounting for dividend payments - > > https://www.irs.gov/forms-pubs/about-form-1099-div) that also listed > > basis adjustments on it...? But I have only seen a few foreign/non-US > > dividend statements... > > > > I understood basis adjustments to be accounted for when the asset is > > sold and the most common adjustments for US stocks are wash sales, but I > > can't ever remember seeing those noted on a 1099DIV, they are usually > > recorded on a 1099B (https://www.irs.gov/forms-pubs/about-form-1099-b). > > > > If the asset is not being sold/disposed of > > (https://www.irs.gov/forms-pubs/about-schedule-d-form-1040 & > > https://www.irs.gov/taxtopics/tc703), would just making a note that > > could carry forward to the next year be the easiest thing to do? > > > > Maybe I am just not understanding, are there more details that you could > > share with us? > > > > Thanks, > > > > Brad > > > > P.S. Although I like to include all the related emails in my response, > > Thunderbird (the email client I use - > > https://www.thunderbird.net/en-US/) is separating flywire's email, even > > though it has the same subject line, from Fred & Derek's emails...? > > > > > > On 8/8/23 13:32, Derek Atkins wrote: > > > Hi, > > > > > > On Tue, August 8, 2023 4:12 pm, Fred Tydeman wrote: > > >> How does one record an Addition to basis for a stock? > > >> > > >> The splits involved are: > > >> Income: qualified div > > >> Income: non-qualified div > > >> Expense: foreign tax > > >> Asset: cash > > >> Imbalance -- should be addition to basis > > >> > > >> I have tried changing the Imbalance to > > >> Asset: stock > > >> with a price of 0.00, but gnucash adds shares with a price of 1.00 > > > ISTR there are "issues" with this... Keep in mind, when entering data > in > > > the stock account, you need to enter TWO of the three values (#shares, > > > price, and value), and GnuCash will compute the third. Note that it's > > the > > > #shares and total value that is stored, the price is always computed. > In > > > THIS particular case, you can TRY to enter 0 shares and the change in > > > value, but I'm not 100% sure GnuCash will like that. It's been a while > > > since I played in the stock accounts. > > > > > >> Please remember to CC this list on all your replies. > > >> You can do this by using Reply-To-List or Reply-All. > > > -derek > > > > > _______________________________________________ > > gnucash-user mailing list > > gnucash-user@gnucash.org > > To update your subscription preferences or to unsubscribe: > > 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 > To update your subscription preferences or to unsubscribe: > 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. > -- _________________________________ Richard Losey rlo...@gmail.com Micah 6:8 _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: 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.
