In theory, many assets are subject to taxes upon withdrawal. In the US,
those taxes might be short term or long term capital gains (taxable
accounts), or regular income (retirement accounts like 401k), or none if
withdrawn after a certain age (Roth).
A balance sheet books taxes at they point
401k is an asset.
When I compute net worth I apply estimated taxes with a rate that depends
on the account, e.g. pre tax, Roth, taxable, etc.
In that sense assets is "gross" but I'm not sure it makes sense to say that.
I don't track pension at the government (social security). It's an expense
Pension(401K) normally is before tax, putting that as an Assets account
will kind of inflate the Assets in the Balance sheet.
How do everyone handle this?
Thanks
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I wanted to run my importer regression tests as part of my overall pytest
run.
I found this for v2:
https://github.com/beancount/beancount/blob/v2/beancount/ingest/regression_pytest.py
but I couldn't find an analogue for v3. Is it not in v3 yet? If so, would
it be a good idea to move/port
On Wed, Jul 19, 2023 at 11:54 AM Daniele Nicolodi
wrote:
> On 19/07/23 00:12, Eric Altendorf wrote:
> > I seem to not understand how tolerances are used. I have this beancount:
> >
> >1 2018-01-01 open Assets:Alpha:ABC ABC
> >2 2018-01-01 open Assets:Beta:ABC ABC
> >3
> >4
