CAPITAL GAINS
I sold a stock and had a capital gain on it. The capital gain shows up on my capital gains report, it isn't showing up on my income. It seems a CG should appear as an increase. My investment account cash balance increases by the amount of the sale, but it seems my CG does not increase my income like a dividend would.
I've thought of making the sale the same as my cost basis which and making the CG portion of the sale as a dividend. However, that would not be included in my CG report. Is this a one or the other choice or is there something else I'm overlooking??
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1 Posted by dwg on 10 Jan, 2025 10:30 PM
The Income and Expense reports pick up the way specific transactions have been recorded.
A capital gain or a capital loss are not a transaction they are a result of a calculation derived from a number of other transactions, one or more buy transactions and one or more sell transactions. So there is no way for the I & E reports to pick these up.
Hence Moneydance provides a separate Capital Gains report.
Like you many of us want to incorporate that data into our I & E reports. I achieve this by entering a transaction in the register that draws funds from a sink category I have created and places them into a suitable Capital gains category that is included in the reports.