2:49pm -0000 06/11/26 Sherlock <[email protected]> wrote: >We track distributions from traditional retirement accounts as deferred >income by adding a pair of balanced splits to the transfer transaction.
>For example: >Assets:Banking:Checking 100.00 >Assets:Investing:IRA 100.00 >Income:Deferred 100.00 >Income:Deferred:IRA 100.00 >Income:Deferred:IRA is flagged as "Tax Related" with the "F1099-R IRA total >dist - taxable" TXF category. Your accounts are going to balance with this approach, sure. But I'm entering RMD as a liability when it becomes known, with a January 1 date, to track it within the bookkeeping program as there are taxes to pay. _______________________________________________ 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.
