Thinking further on this, this problem is so common that it deserves some new abstraction (beyond just solving the issue with a plugin). I'm not sure what that would look like, but some way to automatically update the value of a pair of accounts based on the flows into a third one is what I'm thinking about.
On Sun, Jan 1, 2023 at 10:50 AM Martin Blais <[email protected]> wrote: > On Sun, Jan 1, 2023 at 8:55 AM Paul Marriott <[email protected]> wrote: > >> I have a taxable investment account and an IRA. Every month RMD >> (required minimum distribution) is taken from my IRA and added to my >> investment account after Tax withholding. I am not sure how to post this >> transaction. Right now I have: >> 2006-01-02 * "RMD from IRA" >> Assets:IRA -100 USD >> Expenses: Taxes. 20 USD >> Income:RMD. 80 USD >> >> 2006-01-02 * "Transfer from IRA" >> Assets:InvestmentAC. 80 USD >> Income:RMD. -80 USD >> >> The problem I want to record RMD as income, but with the above postings, >> the income account is net zero. What am I doing wrong? Or maybe I just >> cant record it as income, although it will appear as income on my Tax >> Return. >> > > Technically they're not income, they're distributions. Taxable > distributions. I wouldn't book them under an income account. > This is one of those cases - there are many more - whereby you want to > count the amounts incoming to that RMD account. > There are two ways I've handled this in the past: (a) by mirroring (with a > plugin) the amounts posted to RMD to two distinct sets of accounts, (b - > simpler) by issuing a query to count them up over a period of time (the > amounts don't automatically update any account). > > -- 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%2BhOqx0R89UT2F6OuipqOjkNwMAEvvMbBJu6QZ-bz0ti%2BQg%40mail.gmail.com.
