On 2022-03-10 11:08, David G. Pickett via gnucash-user wrote: > When I move money from an IRA or 401K account to my bank account and the tax > man, that is all a taxable distribution, but GNUCash mostly sees a transfer. > How do I capture the income?
If you make out a check to "cash" and cash it at the bank, is that income? No, of course not. Your net worth is the same before and after cashing that check. The same is true of making a withdrawal from your IRA. Despite the fact that the tax laws treat it as income, it is not income. Please don't send the same query twice in quick succession. Wait a reasonable time before assuming the list didn't receive your email. -- Stan Brown Tehachapi, CA, USA https://BrownMath.com _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
