Thanks for the discussion on Imputed income.
Since I want this Imputed income showing up in a GnuCash report of income,
I will add an Income and an Expense pair.
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Yes. I saw that right after I sent my reply. I'm sorry. It was a case of my
seeing what was in my own head at the moment.
David T.
On Dec 20, 2022, 1:53 AM, at 1:53 AM, Michael or Penny Novack
wrote:
>On 12/19/2022 2:49 PM, David T. wrote:
>> Michael,
>>
>> While I fully respect your
On 12/19/22 14:53, Michael or Penny Novack wrote:
On 12/19/2022 2:49 PM, David T. wrote:
Michael,
While I fully respect your answer, with over 45 million IRA accounts
in the US (according to one source I found online), this is a pretty
common circumstance. It should be possible for basic
On 12/19/2022 2:49 PM, David T. wrote:
Michael,
While I fully respect your answer, with over 45 million IRA accounts
in the US (according to one source I found online), this is a pretty
common circumstance. It should be possible for basic guidance to be
given by *someone*, without all 45
Michael,
While I fully respect your answer, with over 45 million IRA accounts in the US
(according to one source I found online), this is a pretty common circumstance.
It should be possible for basic guidance to be given by *someone*, without all
45 million consulting an accountant. I
On 2022-12-18 19:20, Fred Tydeman wrote:
> For a USA person, when I move cash from a regular IRA (tax deferred
> account) to a Roth IRA (tax free account), besides the movement of the
> cash, I need to also somehow show that the cash moved is considered
> income. What should be the other side of
On 12/18/2022 10:20 PM, Fred Tydeman wrote:
For a USA person, when I move cash from a regular IRA (tax deferred
account) to a Roth IRA (tax free account), besides the movement of the
cash, I need to also somehow show that the cash moved is considered
income. What should be the other side of the
I do not know whether this is proper accounting or not, but I use an
artificial expense account "Conversion to Taxable". Any withdrawal X
dollars from an IRA or other pre-tax asset account gets some extra split
entries.
Credit IRA X
Credit Taxable Income IRA X
Debit Conversion to Taxable X
Debit
