Last year, there was a discussion here about tracking taxable distributions from IRAs which included a deferred income account. I had not been tracking taxable income, and thought that this would be good, so I tried to do this last year, but I think I did it incorrectly. I wanted to avail myself of the knowledge and wisdom here.
I have "Deferred Income" as an "Income" account. When I take out, say, $1000.00, I made the following split: Assets: Investments: IRA credit $1000.00 Assets: Current Assets: Checking: debit $1000.00 Income: Taxable: IRA Distribution debit $1000.00 Income: Deferred Income credit $1000.00 I suspect that I have the last two entries reversed because the IRA Distribution balance is negative, and all other income accounts are positive. I don't remember if I created the "Deferred Income" account; perhaps it should not be under "Income"? Many thanks! -- _________________________________ 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.
