I suppose a way to handle the "Income but not really income" would be ao follows (see what people think about this):
CR - Assets: IRA $1000 DB - Income: IRA Distribution $1000 CR - Income: IRA Distribution $1000 DB - Assets: Checking $1000 This way, the income change is zero, but I can still track the "Income" for tax purposes by looking at the debits for the year. What do ye readers think of that? Richard On Thu, Jan 12, 2023 at 11:14 PM Stan Brown <the_stan_br...@fastmail.fm> wrote: > > On 2023-01-12 20:55, David T. via gnucash-user wrote: > > Two separate entries. In my mind, this would best be put in one > transaction, to make the association obvious. > > > > CR - Assets: IRA $1000 > > DB - Assets: Checking $1000 > > DB - Income: Deferred Income $1000 > > CR - Income: IRA Distribution $1000 * > > > > * Income: IRA Distribution is used to document the distribution for tax > purposes. > > My only problem with that is that a distribution from an IRS is not > income, any more that the currency you receive when you cash a check is > income. > > It's simply moving a portion of your assets from one bucket to another. > And it seems very strange to me that the one event should be recorded in > a four-split transaction. > > Stan Brown > Tehachapi, CA, USA > https://BrownMath.com > _______________________________________________ > 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. > -- _________________________________ Richard Losey rlo...@gmail.com Micah 6:8 _______________________________________________ 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.
