Yes, it has ordinary dividends. David T.
On Mar 15, 2025, 1:34 AM, at 1:34 AM, "Stan Brown (using GC 4.14)" <stan...@fastmail.fm> wrote: >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. _______________________________________________ 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.
