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Why no unrealized gain on stock sale?

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Author	Topic: Why no unrealized gain on stock sale?
FN_User Member	posted 03-28-2001 10:30 AM When I enter a stock sale, I get a screen that computes the Capital Gain amount properly. But there is no Unrealized Gain or Loss amount. I remember something about this but I have no idea why it doesn't appear on my stock sale transaction. IP: Logged
Renee Member	posted 03-28-2001 10:31 AM Have you updated this stock to it's current market value? In other words, are the cost basis and the accout balance two different numbers? If the answer is "no," then you should not be seeing any Unrealized Gain or Loss on the sale transaction. The definition of UGL is the difference between cost basis and account balance. If there is no difference (i.e. if the stock has never been updated to market value), then there is no UGL. ------------------ Renée Trudeau Financial Navigator Service Provider IP: Logged
FN_User Member	posted 03-28-2001 10:31 AM I thought it would be something easy! Now, should I go back and delete the sales I've already posted and then update these securities to market value before I record the sale? IP: Logged
Renee Member	posted 03-28-2001 10:32 AM No! There is no reason to do this. The only reason to update to market value is so that the balance sheet will show an accurate, up-to-date net worth. If these securities have been sold, they're not on the balance sheet, so there's no reason to do this. The sales you've recorded so far are probably perfect just the way they are. ------------------ Renée Trudeau Financial Navigator Service Provider IP: Logged

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