Hello,
I'm working on journal entries for an investment account, but am at a loss for the month that all of the investments were sold.
One of my clients invested funds in Treasury Money Market accounts, an ETF (stock), and Treasury Notes. The brokerage statement lists unrealized gains and losses for the ETF and Treasury Notes. All of these investments were sold this year, all with gains, but the brokerage statement has $0.00 capital gains and losses on the statement. What am I missing?
Dividends were earned on the Treasury Money Market accounts, so it doesn't seem that these accounts will have a Realized gain or loss when sold.
When each of the Treasury Notes were sold/redeemed, interest was added, so perhaps these don't have a Realized gain or loss either, even though the statement tracked Unrealized gains and losses.
The ETF sold for more than the cost basis, so there should be a realized gain (less than $100). Why isn't this on the statement?
If there should be a realized gain, how do I zero out the unrealized gain/losses account?
I appreciate any advise you can provide. Thank you!
