On Mon, Mar 31, 2025 at 6:32 PM Michael or Penny Novack via gnucash-user < [email protected]> wrote:
> On 3/31/2025 5:18 PM, David Carlson wrote: > > AFIK that issue with RoC is an artifact of US tax law, not GnuCash. > Can't > > do much about it. > > Not exactly simply "tax law". The problem/confusion is that they are > still called "dividends". Or do you know of some jurisdiction that taxes > "return of capital" (*) > > Michael D Novack > > * It's a matter of point of view. When YOU make a mortgage payment, > that's part interest expense, part reduction of liability. But from the > bank's point of view, that's interest income and ROC (on THEIR books the > mortgage is an asset, and the principle portion of the payment is > reducing that) > Right. It's just annoying that the quarterly payments don't break down the "dividend" into how much is qualified, how much is RoC, and how much is a regular (non-qualified) dividend. I have to wait until the 1099-DIV is issued, and then go back and change the entries from the previous year. The annoyance is not at GnuCash; it's at the lack of detail from the investment company. -- _________________________________ Richard Losey [email protected] Micah 6:8 _______________________________________________ gnucash-user mailing list [email protected] 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.
