Bug 465695 - Incomplete transaction type list for Mutual Funds
Summary: Incomplete transaction type list for Mutual Funds
Status: REPORTED
Alias: None
Product: kmymoney
Classification: Applications
Component: general (show other bugs)
Version: 5.1.3
Platform: Microsoft Windows Microsoft Windows
: NOR wishlist
Target Milestone: ---
Assignee: KMyMoney Devel Mailing List
URL:
Keywords:
Depends on:
Blocks:
 
Reported: 2023-02-14 03:10 UTC by Bob
Modified: 2023-02-14 15:58 UTC (History)
0 users

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Description Bob 2023-02-14 03:10:56 UTC
SUMMARY
***
Mutual Funds commonly have Long Term (LT) Capital Gains and Short Term (ST) Capital Gains distributions and offer the possibilities of Reinvesting those moneys.  Currently only Dividends and Reinvest Dividends are listed as choices of Fund disbursements.  These transactions are important to differentiate as their tax handling is different.
***


STEPS TO REPRODUCE
1. Characterize the transaction type for mutual funds
2. 
3. 

OBSERVED RESULT
transaction type list missing:
-Long Term (LT) Capital Gains 
-Short Term (ST) Capital Gains 
-Reinvest Long Term (LT) Capital Gains 
-Reinvest Short Term (ST) Capital Gains 

EXPECTED RESULT
transaction type list includes the missing 4 types

SOFTWARE/OS VERSIONS
Windows: 
macOS: 
Linux/KDE Plasma: 
(available in About System)
KDE Plasma Version: 
KDE Frameworks Version: 
Qt Version: 

ADDITIONAL INFORMATION
Comment 1 Jack 2023-02-14 03:19:30 UTC
You can use different categories for long and short term cap gains (and I even have another set for tax deferred accounts.)  I think the transactions don't need different inherent types - you get a dividend of some sort and you either get the cash or use it to buy additional shares.  The dividend could be interest, dividends, long or short term capital gains distributions.  Using different Categories is sufficient to allow you to prepare the reports you need to prepare your taxes.  
Separately, it is known that Investments needs a major overhaul, but that is not high on the current priority list.  Right now the basics of capital gains are not really handled by KMM.  I'm actually working on accumulating all the various things that need to be dealt with, which are now not really addressed.  I'll add all this to the list, but nothing is likely to happen in the near future.
Comment 2 Bob 2023-02-14 06:35:21 UTC
(In reply to Jack from comment #1)
> You can use different categories for long and short term cap gains (and I
> even have another set for tax deferred accounts.)  I think the transactions
> don't need different inherent types - you get a dividend of some sort and
> you either get the cash or use it to buy additional shares.  The dividend
> could be interest, dividends, long or short term capital gains
> distributions.  Using different Categories is sufficient to allow you to
> prepare the reports you need to prepare your taxes.  
> Separately, it is known that Investments needs a major overhaul, but that is
> not high on the current priority list.  Right now the basics of capital
> gains are not really handled by KMM.  I'm actually working on accumulating
> all the various things that need to be dealt with, which are now not really
> addressed.  I'll add all this to the list, but nothing is likely to happen
> in the near future.

Thanks for the feedback on the submission and roadmap expectations.  While I agree that a high level category of distributions can include dividends, special dividends, stocks/company spin outs and the various capital gains would obviously be preferred.  As a brand new user, I guess I am highlighting the obvious.  As I get deeper into it, I certainly agree that Investments needs to be better, I have some other feedback as I struggle getting my data into the program, should I write those up as individual bug/wishlist items - what is preferred?  Some are usability, others are feature support - futures and options categories, etc.
Comment 3 Jack 2023-02-14 15:58:37 UTC
If it's clearly a bug, this is the place.  Usability questions or wondering whether something is a bug or not are best handled elsewhere, see https://kmymoney.org/support.html for a list of available options.  I'm going to change this  bug to a wishlist for now.  I might close it if the basic request is covered in another existing wishlist bug I've forgotten.
Minor point: if you reply to a bug by email, your entire message becomes the comment, so you should delete the previous content, unless there is something specific you are responding to.