On 2025-03-14 14:09, sunfish62--- via gnucash-user wrote: > I believe that txf has a standard > (https://taxdataexchange.org/docs/txf/v042/index.html) that governs > what gets puts into the GnuCash system. There doesn't appear to be an > entry for non-qualified dividends in the spec, although there is an > entry for qualified dividends. Is there anything there for ordinary dividends? That's the terminology I see in the tax documents I've looked at. However, Form 1040 line 3 confusingly uses "ordinary dividends" to mean total dividends, comprising both qualified dividends and ordinary a/k/a non-qualified dividends.
On 2025-03-14 12:40, David Carlson wrote: > I don't think the government cares about qualified income except if > it affects costs when you take a distribution, so that may not even > appear in the tax report. In a regular old non-tax-advantaged brokerage account, dividends are taxed in the year they were earned. Accounting for qualified dividends is important to the _taxpayer_ because qualified dividends get favorable tax treatment: see the Qualified Dividends and Capital Gains Tax Worksheet. The dividends in that brokerage account that are not qualified dividends are taxed at the same rates as ordinary income. In an IRA or similar retirement account, on the other hand, there's no need to account for dividends separately because all you have is "gains" or "losses". When you withdraw the money, gains of whatever type are either taxable at the same rates as ordinary income or not taxable at all, depending on complex rules. 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 ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
