Questions on solo 401k accounts structure / set up

2021-10-28 Thread Bman Q
Hello everyone, As always i want to thank Martin and all community for beancount, i am so glad that 3.5 years ago i've chosen beancount over other free (gnucash, etc) or paid (quickbooks, etc) alternatives. Extendability and flexibility of beancount are unmatched. And as always i have couple qu

Re: Questions on solo 401k accounts structure / set up

2021-10-28 Thread redst...@gmail.com
1. I'd suggest booking it "through" an Income account to make it convenient for reports that need to know what your income was (eg: while doing taxes, calculating income across the years, etc.). Assets:Bank -> Income:Tax-Deferred -> Assets:401k 2. Correct. And that's the account hierarchy I've u

Re: Questions on solo 401k accounts structure / set up

2021-10-28 Thread Ben Blount
3. IRAUSD - another possible reason would be to track total basis dollars across all positions in the IRA. Roth IRA early withdrawals is penalty free until you start getting into any earnings, so it's useful to know how much you put in and paid taxes on. 4. Other notes - cost basis in an IRA is us

Re: Questions on solo 401k accounts structure / set up

2021-10-28 Thread Martin Blais
On Thu, Oct 28, 2021 at 6:45 PM Bman Q wrote: > Hello everyone, > > As always i want to thank Martin and all community for beancount, > i am so glad that 3.5 years ago i've chosen beancount over other free > (gnucash, etc) or paid (quickbooks, etc) alternatives. Extendability and > flexibility of