Here is the write-up. <https://reds-rants.netlify.app/personal-finance/computing-taxes-with-beancount/> I hope this is useful. Constructive feedback appreciated.
I'd also be interested in hearing about tax situations that you are able to, or not able to solve by leveraging Beancount. Feel free to leave questions and comments on that page (github account required), or post here in this thread. On Wednesday, April 20, 2022 at 12:41:28 AM UTC-7 Red S wrote: > Great questions. It's all fundamentally very straightforward, but there > are plenty of ideas and gotchas that would save time for anyone building > this for the first time for themselves. I'll do a short writeup soon, and > post here. > > On Tuesday, April 19, 2022 at 6:49:44 PM UTC-7 Chris Hasenpflug wrote: > >> I would be very curious to know more about how you've set up beancount >> with all the appropriate categories to feed in as part of your script. I >> imagine the W2/wage work is pretty straight forward, but things like >> taxable investing (even without the foreign component) and LT vs . ST would >> be interesting to see how you've approached. >> >> On Monday, April 4, 2022 at 9:49:06 PM UTC-5 Red S wrote: >> >>> Just wanted to share, for users in the US: >>> >>> I've used this python-taxes code >>> <https://github.com/davidcmoore/python-taxes> from user davidcmoore for >>> several years now together with beancount, primarily to generate tax forms >>> including a W2. The package includes several advanced federal tax forms >>> (and California forms if you live there). I have a bridge script that >>> passes on numbers from beancount queries as input to python-taxes. >>> >>> I don't use it to file taxes, but rather, to verify my taxes computed >>> using other means, and to estimate taxes to make payments and such. In the >>> last 3-4 years, this process has yielded with very little time spent, >>> numbers that are the same or close enough to make it very useful in >>> verification and estimation. >>> >>> Of course, there are fundamental limitations. Eg: foreign taxes paid via >>> investments, qualified dividends, tax exempt interest, etc. are typically >>> not stored in beancount. For these, a quick approximation based on past >>> years works surprisingly well for the purposes of estimation. >>> >> -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to beancount+unsubscr...@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/7a709d13-b051-4a28-a5d6-814b9cf93ff0n%40googlegroups.com.
