You got it, precisely that. If you want to get more hip (hipper?) you could modify this plugin: https://github.com/beancount/beancount/blob/master/beancount/plugins/ira_contribs.py which automates something similar for IRAs, or perhaps even generalize it so it's not IRA specific and can work in any such scenario. This way you wouldn't even have to explicitly update those accounts. I think the plugin can be generalized.
On Mon, Nov 16, 2020 at 11:25 PM Ryan Mulligan <[email protected]> wrote: > Hi. > > Thanks! Just so we're all clear, I made a ledger about how I would expect > Martin's proposal to play out and attached it. > > Sincerely, > Ryan Mulligan > > On Mon, Nov 16, 2020 at 10:41 AM Martin Blais <[email protected]> wrote: > >> Yes. I was going to suggest something very similar, using a fake >> commodity and some level of discipline. Basically, when you spend on health >> care, decrease A / increase B some other pair of accounts, and when you >> withdraw from the HSA, decrease B / increase C. B tracks how much $ you >> should be allowed to withdraw from the account at any time. >> >> A: Expenses:Healthcare:Spent >> B: Assets:BalanceClearedToWithdraw (choose a better name) >> C: Expenses:Healthcare:Withdrawn >> >> Commodity: HSAUSD ("HSA withdrawal dollars") >> >> >> >> >> >> >> On Mon, Nov 16, 2020 at 11:14 AM Aaron Lindsay <[email protected]> >> wrote: >> >>> Why does the cost basis of the investment in your HSA matter in terms of >>> tracking the amount you can withdraw? >>> >>> My understanding is that the amount you are allowed to withdraw is >>> accounted using the cash value you withdraw *at the time you make the >>> withdrawal*. If my understanding is correct, you would not need to account >>> the cost basis of your investments in the HSA any differently than any >>> other brokerage. The accounting of how much you are allowed to withdraw >>> could be done independently. >>> >>> What if you setup two accounts like: >>> Expenses:Medical:HSA-Qualified >>> Expenses:Medical:HSA-Withdrawn >>> >>> And whenever you incurred a qualified medical expense, book it against >>> 'Expenses:Medical:HSA-Qualified'. Then, whenever you pull money out of your >>> HSA, move that same amount to 'HSA-Withdrawn'? It would probably be >>> preferable to come up with some way to tie the two events together, but I >>> haven't conceived of a simple way to do so. >>> >>> -Aaron >>> >>> On Sunday, November 15, 2020 at 6:56:26 PM UTC-5 Ryan Mulligan wrote: >>> >>>> Hi. >>>> >>>> In the USA, you can fund a Health Savings Account (HSA) with pretax >>>> dollars that you can invest. If you incur a qualified medical expense, you >>>> are allowed to withdraw money from the HSA account tax free. As long as you >>>> properly record them, you can withdraw money equal to these expenses at any >>>> later date tax free. >>>> >>>> In my particular case, almost 100% of my HSA balance is invested in a >>>> stock market ETF. >>>> >>>> How would you set up accounts to track the amount you can withdraw from >>>> the HSA account tax free? It seems like maybe it has to do with setting the >>>> cost basis of the ETF in the HSA, but I wouldn't be surprised if that was >>>> overly complicating things. >>>> >>>> Sincerely, >>>> Ryan Mulligan >>>> >>> -- >>> 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 [email protected]. >>> To view this discussion on the web visit >>> https://groups.google.com/d/msgid/beancount/619d082d-f719-44a5-b5da-82af5aab7083n%40googlegroups.com >>> <https://groups.google.com/d/msgid/beancount/619d082d-f719-44a5-b5da-82af5aab7083n%40googlegroups.com?utm_medium=email&utm_source=footer> >>> . >>> >> -- >> You received this message because you are subscribed to a topic in the >> Google Groups "Beancount" group. >> To unsubscribe from this topic, visit >> https://groups.google.com/d/topic/beancount/FtV-1YJ17GA/unsubscribe. >> To unsubscribe from this group and all its topics, send an email to >> [email protected]. >> To view this discussion on the web visit >> https://groups.google.com/d/msgid/beancount/CAK21%2BhPDOnjG3S9AEHpyNbj9Qpc%2BbRxJ6Gk1cfqAN3gF4wT%2Bnw%40mail.gmail.com >> <https://groups.google.com/d/msgid/beancount/CAK21%2BhPDOnjG3S9AEHpyNbj9Qpc%2BbRxJ6Gk1cfqAN3gF4wT%2Bnw%40mail.gmail.com?utm_medium=email&utm_source=footer> >> . >> > -- > 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 [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/beancount/CA%2B56x29_pFXZ5EibEuEvd6z8%3D5o2oap-D6gXSR6%2B%2B0PTDqpA%3DQ%40mail.gmail.com > <https://groups.google.com/d/msgid/beancount/CA%2B56x29_pFXZ5EibEuEvd6z8%3D5o2oap-D6gXSR6%2B%2B0PTDqpA%3DQ%40mail.gmail.com?utm_medium=email&utm_source=footer> > . > -- 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 [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/CAK21%2BhPvMK6XFOMSaNfT9FE7OT1P1afDLbm6kqO2-GRx4VuSQQ%40mail.gmail.com.
