As soon as I sent this question I thought to myself, this sounds like a
question for an accountant!!
I'm in Canada, and I doubt my accounts will be used for tax purposes. I
think they are just for me, and I have a tendency to make things more
complicated than they need to be.
Many thanks to everyone who has contributed their thoughts.
Louise.
On 2026-05-04 8:46 a.m., [email protected] wrote:
Louise,
Income tax implications can affect how you wish to do your accounting...
What income tax laws are you subject to? USA?
My knowledge is only of USA tax laws.
If you are in the USA, then is this account in a Traditional IRA, Roth
IRA, 401(k), or other tax deferred account? Or not in a tax deferred
account?
It boils down to whether you need to have your accounting system
contain the information for completing the income tax forms regarding
capital gains.
Ken
------------------------------
Message: 5
Date: Sun, 3 May 2026 15:36:14 -0600
From: Louise<[email protected]>
To: GnuCash Mailing List<[email protected]>
Subject: [GNC] Do I treat a managed investment account as stocks, or
no?
Message-ID:<[email protected]>
Content-Type: text/plain; charset=UTF-8; format=flowed
I have a managed investment account where I deposit funds monthly, and
someone, or AI, decides what stocks to buy.
So far, in GnuCash, I have just been transferring my deposits to the
appropriate account. When the dividends are paid out I have simple been
allocating the amounts to a plain account per stock.
Should I be treating these "purchases" as stocks, or is this not
necessary?
Thanks,
Louise.
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