I presume that the fees are a liability rather than a paid expense
otherwise the fees would be taken from a bank account . Probably the best
way to would be to have two extra accounts: A depreciation account and a
liability account:
Example:
2021-01-04 * "Fees & Depreciation"
Assets:TraditionalIRA -0.50 USD
Expenses:Depreciation 0.50 USD
Liabilities:TraditionalIRA:fees -0.50 USD
Expenses:Fees 0.50 USD
On Monday, May 3, 2021 at 2:41:04 AM UTC+8 Aaron Stacy wrote:
> Hi everyone, I'm trying to book a 401k fee. I'm using beancount, but
> hopefully the syntax is similar enough:
>
> ; Assume the price for TraditionalIRA was $1/share when purchased
> 2021-01-03 balance Assets:TraditionalIRA 10 TRADIRA
>
> ; Now the broker wants to charge $0.50 in fees, and the price of
> TraditionalIRA
> ; has dropped to $0.50/share. For tax purposes, the cost basis is all
> ; essentially zero, so (presumably to keep things simple) they just deduct
> ; (fee / share price) from the shares.
> 2021-01-04 * "Fee"
> Assets:TraditionalIRA -1 TRADIRA @ 0.50 USD
> Expenses:Fees 0.50 USD
>
> 2021-01-05 balance Assets:TraditionalIRA 9 TRADIRA
>
> The problem is this is ambiguous about the cost basis now. It may not
> matter for tax purposes, but I care. I'd like to simply deduct the 1
> TRADIRA share from the lot purchased at $1/share, but that doesn't balance:
>
> 2021-01-04 * "Fee"
> Assets:TraditionalIRA -1 TRADIRA {1 USD} @ 0.50 USD
> Expenses:Fees 0.50 USD
> ; This transaction is -0.50 from balancing
>
> So I suppose this makes sense since, because the price went down, I lost
> 50 cents, so that should come from somewhere.
>
> What's a good account to take this from? Maybe Income:TraditionalIRA?
>
>
--
---
You received this message because you are subscribed to the Google Groups
"Ledger" group.
To unsubscribe from this group and stop receiving emails from it, send an email
to ledger-cli+unsubscr...@googlegroups.com.
To view this discussion on the web visit
https://groups.google.com/d/msgid/ledger-cli/8d69c18f-c6c3-48d8-8882-c05eac0a4085n%40googlegroups.com.
