capital gain / loss from sale of securities

a575606's Avatar

a575606

17 May, 2018 04:20 PM

How is the difference of the purchase and sale price of a security handled in Moneydance? i.e. if I buy a security at $1 in 2015 and sell it at $1.50 in 2016, I would expect to see the $0.50 gain on my 2016 income / expense report.

I'm migrating from quicken and quicken had some built in categories. Gains and losses from security sales were auto-recorded in '_RlzGain'. Just wondering how moneydance handles this?

  1. 1 Posted by dwg on 17 May, 2018 10:27 PM

    dwg's Avatar

    I'm a fellow user.

    Alas moneydance does not place the amount of the gain/loss in the I & E expense reports. The information is only available in the Capital Gains report.

  2. 2 Posted by a575606 on 18 May, 2018 04:35 PM

    a575606's Avatar

    no way to account for it manually in the sales transaction?

  3. 3 Posted by dwg on 18 May, 2018 11:02 PM

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    I'm a fellow user.

    You cannot do it it in the sales transaction itself.

    If you want to make a manual entry that appears in the I & E reports you certainly can. One way of doing this is by creating a couple of categories (you need two because of Moneydance following double entry accounting rules and because of the way moneydance works the actual gain/loss is not a figure in the register unlike in a set of accounting books), perhaps one category called Capital Gains, you could have another catch all category Tax Reporting or if you want to always isolate capital amounts Realised gains.

    You then pass a single entry in the register of the sold security (to ensure the security name shows up in the reports) for the amount of the capital gain. In the Category field you use the Category Capital gains, in the transfer field the category in my Example Tax Reporting. You have the Capital gains category set to be included in your reports.

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