Re: [GNC] TXF Categories

2025-03-15 Thread Fred Tydeman
2 286 "Total dividend income"Y A I 32011:1040:9a 2 683 "Qualified dividend" Y A I 32011:1040:9b Thank you for the link. There are two kinds of dividends there (see above) I am running Gnucash 5.10 on Fedora Linux 41. On my system there are

Re: [GNC] TXF Categories

2025-03-15 Thread David Carlson
This is why I let my accountant do the details. I have been confusing Qualified Capital Gains with capital gains in Qualified Plans such as 401-K or IRA. I would still put each 'category' in a separate account so the accountant can sort it all out. On Fri, Mar 14, 2025 at 6:49 PM Fred Tydeman w

Re: [GNC] TXF Categories

2025-03-15 Thread R Losey
I have separate accounts for these; however, what I enter are guesses, as some mutual funds have dividends that are partially qualified. I don't find out until I received the 1099-DIV at the end of the year. On Fri, Mar 14, 2025 at 1:24 PM Fred Tydeman wrote: > Is it possible to edit or add to

Re: [GNC] TXF Categories

2025-03-15 Thread sunfish62--- via gnucash-user
David, Fred is referring specifically to the assignment of txf categories in the tax options portion of GnuCash accounts. These txf categories are assigned to one or more GnuCash accounts and allow a user in theory to export their tax data directly to tax software. I would argue that, in this

Re: [GNC] TXF Categories

2025-03-14 Thread sunfish62--- via gnucash-user
David, The tax options feature supports US and German tax code. There is a dev who has maintained the US portion; I do not know the status of the German portion. No one has created templates for other jurisdictions. Users select accounts one by one and assign them to specific tax code lines,

Re: [GNC] TXF Categories

2025-03-14 Thread sunfish62--- via gnucash-user
Yes, it has ordinary dividends. ⁣David T. ​ On Mar 15, 2025, 1:34 AM, at 1:34 AM, "Stan Brown (using GC 4.14)" 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 g

Re: [GNC] TXF Categories

2025-03-14 Thread David Cousens
David, Agreed.  It is more associated with tax reporting and specifically in the US. The TXF system seems to have been very specific  to the US IRS system but appears to now be becoming redundant in any case see (https://taxdataexchange.org/docs/txf/v042/index.html) [1] with a migration to data in

Re: [GNC] TXF Categories

2025-03-14 Thread Stan Brown (using GC 4.14)
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

Re: [GNC] TXF Categories

2025-03-14 Thread sunfish62--- via gnucash-user
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.  The GnuCash txf data

Re: [GNC] TXF Categories

2025-03-14 Thread David Cousens
Fred There are no such things as "categories" in GnuCash per se.  Any categorisation of transactions is done in GnuCash by creating different distinct sub accounts for those different categories of transactions. e.g Income:Dividends:Qualified Income:Dividends:Unqualified and then using the ap

Re: [GNC] TXF Categories

2025-03-14 Thread David Carlson
What I do is use separate accounts for qualified and non-qualified assets, dividends, gains, etc. Then they can be individually assigned to whichever line in whichever form they need to end up in for the tax report.I don't think the government cares about qualified income except if it affects cost