Capital Gains/Losses from sale of properties

Investor Q&A
1

Hi,
I am new to the software, so perhaps I am still learning or perhaps I am expecting more accounting capabilities than intended.

After inputting a property (its acquisition costs/date), and then entering the transaction sale (via Transfers → Sale), I am not seeing the capital gains on the income statement. I also updated the property within the Property tab (marked as sold with that appropriate data).

Am I doing something wrong or does the software not support capital gains/losses?

1 Like
2

I’ve spent more time reading the forums and using the application. It seems the site is mostly designed as a cash flow tracking tool and has some emerging capabilities related to balance sheets and income statements. However, it does not currently support basic cost basis accounting, and investors require an alternative solution for tracking gains/losses…

2 Likes