Leo, Adrien's advice is accurate. Enter the transaction as he suggests, and ask your tax advisor whether you owe tax or not. Gnucash is not an oracle; it won't be able to answer your tax questions. David
On Fri, Oct 12, 2018 at 10:23, Adrien Monteleone<[email protected]> wrote: Whatever the transaction is supposed to be, you’ll be able to do it in GnuCash, but you need to speak to a local CPA for formal advice on how to record it and to answer your questions concerning tax implications. In the most simple form, it might be something like: Dr. Assets:Cash Cr. Income:Inheritance as a generic example. Regards, Adrien > On Oct 11, 2018, at 10:27 PM, Leo Bolta <[email protected]> wrote: > > How would one handle a transaction of inherited cash in GnuCash within > Canada? Can I expect to be paying taxes on the sum in the future? > > Thanks, > > Leo > > > --- > This email has been checked for viruses by Avast antivirus software. > https://www.avast.com/antivirus > > _______________________________________________ > gnucash-user mailing list > [email protected] > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
