capital gains report should show purchase date

John Selden's Avatar

John Selden

27 May, 2009 01:40 AM

[I previously put in a suggestion that the capital gains report should list short term and long term capital gains separately. This suggestion is a prerequisite to that one, or a stopgap if that one is not implemented.]

I ran a capital gains report today and noticed that it does not list the date on which shares were purchased, only the date on which they were sold. The only way to know whether capital gains are short term or long term is by how long the shares were held. And to know how long they were held, we need to have both the purchase date and the sale date listed. Having the purchase date in the report is therefore a real necessity until Moneydance breaks out short term and long term capital gains separately (and even then, I would still include it).

As a corollary to that, if the capital gains report provides both purchase and sale dates, it will have to list sales by lot, instead of by sale date. For example. suppose I sell 100 shares of XYZ on May 27, but I bought them in three lots (25 shares on Feb. 1, 35 shares on Mar. 1, and 40 shares on Apr. 1). Under the current implementation, the capital gains report would show only a single line item for that transaction: 100 shares sold on May 27. Instead, the capital gains report should show three line items for that sale, one for each lot. This is important because, of course, some lots may have been held long enough to result in long term gains, and others not. Moneydance already lets us track lots when we enter sales of securities, so all the data to add this refinement is already in the program.

I hope this is clear. If not, let me know and I will clarify. Thanks.

  1. 1 Posted by Ben Spencer on 29 May, 2009 02:31 PM

    Ben Spencer's Avatar

    Hi John

    There already exists a trac ticket for this feature. Here is the link:

    If you register with trac and login you can click the up arrow next to +1 to vote for this feature. The more votes a feature has the higher it will be on our priority list.


    Ben Spencer

  2. Ben Spencer closed this discussion on 29 May, 2009 02:31 PM.

  3. John Selden re-opened this discussion on 29 May, 2009 03:28 PM

  4. 2 Posted by John Selden on 29 May, 2009 03:28 PM

    John Selden's Avatar

    Thanks. When I click on the up arrow, the +1 goes to 0 instead of to +2, even though I've never voted for or seen the trac ticket before. Heck, I only registered there a few days ago! When I click the down arrow, it goes from +1 to -1, which also seems wrong. I'm not sure what to make of that.

  5. 3 Posted by Ben Spencer on 29 May, 2009 03:37 PM

    Ben Spencer's Avatar

    I agree the feature is a little confusing. My understanding is that clicking the up arrow once increases the count by one. If you click the up arrow again it cancels your vote, reducing the count by 1. I believe this is also true for the down arrow except that it decreases the count. Given that this is not what you are experiencing I'll contact the administrator and describe the problem to them.


    Ben Spencer

  6. Ben Spencer closed this discussion on 29 May, 2009 03:37 PM.

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