In theory, many assets are subject to taxes upon withdrawal. In the US, those taxes might be short term or long term capital gains (taxable accounts), or regular income (retirement accounts like 401k), or none if withdrawn after a certain age (Roth).
A balance sheet books taxes at they point they are recognized. You may be looking for a tax-adjusted net worth assessment, which considers expected taxes. Investor <https://github.com/redstreet/fava_investor/> offers this in its asset allocation module <https://github.com/redstreet/fava_investor/tree/main/fava_investor/modules/assetalloc_class#readme> . On Friday, August 4, 2023 at 4:23:12 PM UTC-7 leo.t...@gmail.com wrote: > Pension(401K) normally is before tax, putting that as an Assets account > will kind of inflate the Assets in the Balance sheet. > > How do everyone handle this? > > Thanks > -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to beancount+unsubscr...@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/89aa7761-15d9-4b7b-a06e-f54bfedb6ee7n%40googlegroups.com.
