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portfolio-performance / portfolio

Track and evaluate the performance of your investment portfolio across stocks, cryptocurrencies, and other assets.
http://www.portfolio-performance.info
Eclipse Public License 1.0
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Adjusted Cost Base (ACB) Calculations #1905

Open Wdavery opened 3 years ago

Wdavery commented 3 years ago

I'm a Canadian user, and here we don't use MA or FIFO for taxes, we use ACB. It is similar to MA but differs if you have bought shares of a certain security since your last sale of that security.

I'd love to have that integrated into the statement of assets like Purchase Value (ACB) and Capital Gains (ACB) It would allow Canadians to keep use this program to calculate their taxes which would be very valuable.

Additional info on how it is calculated: https://www.adjustedcostbase.ca/blog/how-to-calculate-adjusted-cost-base-acb-and-capital-gains/

johankj commented 2 months ago

Just wanted to put another vote in for this. The same method is used in Denmark: https://skat.dk/en-us/individuals/shares-and-securities/buying-and-selling-shares-and-securities/gain-and-loss-are-determined-according-to-the-average-cost-method While I don’t expect PP to include detailed information on the tax laws of different countries, taxes significantly impact the trades I’ll make and how I should rebalance my portfolio. Having access to ACB would give users a clearer understanding of their portfolio's performance and potential tax implications without needing to calculate it manually.