Hi, aren't expenses payable "immediately" and liabilities owed for a later time? That's why I booked it into a liabilities account, because the taxes are due at the end of the year.
[email protected] schrieb am Samstag, 19. Juni 2021 um 13:26:04 UTC+2: > Hi, > > I think you're missing the expenses account for taxes. What you move to > liabilities should be balanced by a tax expenses account. > > Regards, > Patrick > > > On June 19, 2021 12:57:20 PM GMT+02:00, Peter <[email protected]> > wrote: >> >> Hi, >> >> How do I book taxes that have to be paid due to capital income, but will >> only be due in the future? >> >> Let's take this posting as an example: >> >> ``` >> 2021-06-18 * "" "Harvesting farmed crypto" >> Assets:Crypto:Wallet:Polygon:Ledger-X:Staking:VERT >> 0.675055007246049347 VERT {42.138 USD} @ 42.138 USD >> Income:Crypto:Farming:Polygon:VERT >> ``` >> >> This makes me 28.45 USD in capital gains. I'd probably have to pay a >> whopping 42% in taxes. That equals to 11.95 USD. I'd like to keep track of >> the amount of taxes which will be due at the end of the year—to avoid a bad >> surprise. How do I do that? >> I tried: >> >> ``` >> 2021-06-18 * "" "Harvesting farmed crypto" >> >> Assets:Crypto:Wallet:Polygon:Ledger-X:Staking:VERT 0.675055007246049347 VERT >> {42.138 USD} @ 42.138 USD >> Liablities:Taxes:Crypto -11.95 USD >> Income:Crypto:Farming:Polygon:VERT >> ``` >> >> But bean-doctor tells me that just 16.50 USD get booked into the income >> account. This seems wrong to me from a bookkeeping point of view, because >> the income is still 28.45. How do I book that correctly? >> >> -- 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/7c641723-0a4b-462c-a1fe-238c4ca1cc90n%40googlegroups.com.
