Hi Alex, Thank you finding this. I dug deeper in the Gnucash help manual and found the sections that you referred to. Thanks for the clarification about the copy number. I’ve seen that used in TurboTax. It all makes sense.
Keith > On Apr 4, 2020, at 11:15 AM, Alex Aycinena <alex.aycin...@gmail.com> wrote: > > > From: Keith Fetterman <keithfetter...@gmail.com > <mailto:keithfetter...@gmail.com>> > To: GnuCash users group <gnucash-user@gnucash.org > <mailto:gnucash-user@gnucash.org>> > Cc: > Bcc: > Date: Sat, 4 Apr 2020 08:33:43 -0700 > Subject: Re: [GNC] How To Set Tax Report Options > A follow up question related to using the "Tax Report Options” feature. What > are the fields “Payer Name Source” and “Copy Number” used for? > > > See "Setting Tax Report Options" in Gnucash help manual: > > "For codes for which the "Payer Name Source" is not grayed, the payer on the > TXF record will be based on what is specified here, either the account name > of the account or the account name of the account’s parent account. This > feature is typically used for interest accounts or stocks or mutual funds > that pay dividends where the individual payees are shown on the tax schedule. > For example, if the parent account’s name is the name of your broker and the > sub-account’s names are the names of individual stocks that pay dividends and > the name on the 1099-DIV received is that of the broker, in order to match > that name, you would select ’Parent Account’; the total dividends from the > broker would be exported and, if you had several brokers, there would be an > amount exported and a subtotal for each broker, along with each brokers name. > Alternatively, if you had a parent account named Directly Held, for example, > and below it sub-accounts for one or more stocks, you would receive a > 1099-DIV from the issuer of each stock separately and, in order to match that > name, you would select Current Account; the total dividends from each stock > would be exported and, if you had several stocks, there would be an amount > exported and a subtotal for each stock, along with each stock’s name as the > payer. > Some tax Forms/Schedules need to have multiple copies filed under some > circumstances (for example, Schedule C if a taxpayer and spouse have separate > businesses). For tax categories on these Forms/Schedules, the Copy Number is > not grayed out and can be used to segregate accounts by copy number." > > > Thanks > > > On Apr 4, 2020, at 8:30 AM, Keith Fetterman <keithfetter...@gmail.com > > <mailto:keithfetter...@gmail.com>> wrote: > > > > Is there documentation on how to set tax report options for multiple > > accounts? I am trying to set the income tax classifications (TXF > > Categories) for multiple expense and income accounts, but it doesn’t seem > > to be able to do more than one account at a time. Here is what I am doing. > > > > Set income tax identity to “Individual, Joint …” > > Select an expense account > > Click the Tax Related checkbox > > Select a TXF Category > > Select another expense account > > Click the Tax Related checkbox > > Select a TXF Category > > etc. > > > > When I return to a previous expense account, the Tax Related checkbox is > > unchecked and the TXF Category assignment is cleared. > > > > Do you have to run the “Tax Report Options” assignment separately for each > > account? By this I mean, perform the steps above for a single account then > > click the “OK” button to close the dialog? > > Unfortunately, you have to do them one-at-a-time. There is a long-standing > feature request to allow them to be done in batches but it hasn't been > implemented. At least it is just a big effort once at the beginning; once set > up, ongoing maintenance is not as onerous. Note that, as it says in the > manual,: > > "If the Income Tax features are used, it is strongly recommended that the Tax > Info column be made visible on the accounts tab (click large > downward-pointing arrow and select Tax Info check box). The Tax Info column > will display the Form/Schedule and tax category (e.g., Schedule D Dividend, > cap gain distrib.) assigned to an account, if any." > > This allows you to scan down the chart-of-accounts and see that all accounts > that should be tagged are and that those that shouldn't be aren't. > > The whole US Income Tax feature is a bit cumbersome and needs to be > re-implemented, but that is a big task. > > > > > > Thanks > > > > Keith > > > Regards, > > Alex _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
