Adding short-term capital gain

Use the Short-term Capital Gain sheet to record interest received in the form of short-term capital gain. Since the short-term capital gain is a cash distribution to the shareholders, it will be added to your cash balance.

Note: The short-term capital gain should be recorded using this investment type and not by using the Long-term Capital Gain sheet, because the taxation rules are different for them.

To record the reinvested short-term capital gain, use the Reinvest short-term Capital Gain sheet.

To record short-term capital gain

1. In the sidebar, select the investment account you want to use.
2. Click the Transactions tab and then click the New Transaction icon in the register toolbar.
3. Select Income > Short-term Capital Gain from the Transaction Types list.
4. Add the information for:
   • Date - Enter the date of payment or deposit.
   • Security - Select the security for the dividend income that you want to record.
   • Distribution Amount - Enter the amount of long-term capital gain income.
   • Memo - Enter the note you want to associate with the transaction.
   • Tags - Enter the tags that you want to use when searching for the transaction.
5. To add an attachment, go to the Attachments tab, click the Add attachment button, and select the file you want to attach to the transaction.
6. Click Save when you are done.