GnuCash also lets you mark accounts as tax implicated and you can I
think tie them to certain 'lines' or certain 'forms'. That's used for
personal taxes as well.
I wasn't even thinking about the sales tax features for invoices/bills
which is something entirely separate.
If simply marking the relevant accounts are not enough to get it onto a
Tax Report, then yes, virtual type tracking will be needed.
Regards,
Adrien
On 3/16/22 5:09 PM, D. via gnucash-user wrote:
Adrien,
Overall, I think you're right, but I believe the tax features you're referring
to are used to calculate taxes for a business? The issue with deferred income--
and this has been true for as long as I can remember-- is that when Joe Retiree
takes money from their IRA, the IRS considers it income, and taxes it
accordingly. But when Joe tries to enter the transfer from their IRA to their
checking account in GnuCash, it doesn't get treated as income, and there
doesn't appear to Joe to be a straightforward way in GnuCash to make it into
income that they can track for taxes. That is a decidedly different tax issue
than the one you've mentioned, IMHO.
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