I do not know whether this is proper accounting or not, but I use an artificial expense account "Conversion to Taxable". Any withdrawal X dollars from an IRA or other pre-tax asset account gets some extra split entries. Credit IRA X Credit Taxable Income IRA X Debit Conversion to Taxable X Debit post-tax account (bank, Roth,...) X
The only purpose is to expose the taxable income. Dale On Sun, Dec 18, 2022 at 9:25 PM Fred Tydeman <tydeman.f...@gmail.com> wrote: > For a USA person, when I move cash from a regular IRA (tax deferred > account) to a Roth IRA (tax free account), besides the movement of the > cash, I need to also somehow show that the cash moved is considered > income. What should be the other side of the income pair? > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
