Many ways to peel this orange. One way is thee other reply you’ve gotten so far.
When in this situation, I find it helpful to ask myself: “what set of end results do I want out of my accounting system?” In your case, it could be: 1. Numbers that match with the tax authority (in this case, consistent with IRS, 1040, and W2, perhaps?) 2. consistency with your employer’s paycheck entries (for easy verification?) 3. determining true cost of health insurance 4. Something else? My personal take: (1) I’ve found to be valuable and fairly easy to accomplish. See my writeup here <https://reds-rants.netlify.app/personal-finance/computing-taxes-with-beancount/>. I use metadata to match accounts to a W2. This allows me to record what I want (eg: true health insurance premiums) without worrying they’ll affect my W2: 1821-01-01 open Income:Employment:Benefits:Employer-401k USD taxable-income-box1: "False" I also use my rename_accounts <https://github.com/redstreet/beancount_reds_plugins/tree/main/beancount_reds_plugins/rename_accounts#readme> plugin to rename accounts on the fly (eg: move Income:Employer:Health-Insurance to Equity:Employer:Health-Insurance), when needed primarily so I can use some of Fava’s features that are not available via queries. (2) is easy to accomplish with the above (3) is also easy to accomplish with the above. Or you could choose to simply not involve your accounting system, since that’s usually just one number per year to track separately Hope that helps. If it’s something else you’re seeking, feel free to share. On Sunday, December 8, 2024 at 1:04:13 PM UTC-8 groa...@gmail.com wrote: Income:Hoolie - Expenses:Pre-Tax - Assets:Pre-Tax still represents Taxable Gross Income, but the employer paid benefits are now counted towards my Gross Income. Which I guess it is, but my W-2 doesn't usually include that in Gross or Taxable Gross. I guess I could still calculate Gross with Income:Hoolie - Expenses:Pre-Tax:Hooli to remove the non-taxable employer paid benefits, but this seems a bit off to me. I'm curious what everyone else is doing here? -- 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 visit https://groups.google.com/d/msgid/beancount/0d19e2df-e5e7-4a96-96ce-70e837047108n%40googlegroups.com.
