What tax line item to use for state UC tax?

[Christopher Stamper]

On Fri, Jun 19, 2009 at 10:12 PM, David Reiser <dbreiser at earthlink.net>wrote:

>
> On Jun 19, 2009, at 10:00 PM, Christopher Stamper wrote:
>
>
>
> On Fri, Jun 19, 2009 at 9:37 PM, David Reiser <dbreiser at earthlink.net>wrote:
>
>> It doesn't look to me like there is a separate TXF category for that tax.
>> It is an income-based tax withheld by the state, so you could try assigning
>> the state withholding category to it, and double-check any reports/imports
>> to make sure they are summed instead of truncated. You might also have to
>> mess with tax software a bit if you do try importing the data.
>>
>
> Thanks, Dave!
>
> I went ahead and assigned the state witholding category to it, and tried
> the report. It shows up as two different items (reg witholding, and UC),
> both in the report and in the TXF export.
>
> I find it kind of odd that the TXF export would have *two* identical items
> in it (only difference in the amount), both for state witholding; seems like
> it should sum the values. ATM I don't have any tax software, so I can't
> determine how it will work. But I'm kinda expecting some problems...
>
>
> */So I guess the question now is: what is supposed to happen when you
> assign multiple accounts to one TXF category? *Why* isn't the entire
> category summed?
>
>
> For reports, I wouldn't think you'd want it summed because you want to be
> able to verify where the totals came from.
>

Yeah, the report looks great. Shows the account name, so it's not a problem.


> For imports, the gnucash docs mention that taxcut and turbotax (circa
> 1999-2000, the last time much effort was put into txf in gnucash, I guess)
> do different things -- sum or use-the-last-occurring-account. ick.
>

Yeah, just found that (http://www.gnucash.org/docs/v1.6/de_DE/t6540.html).
Since I'll probably end up using TurboTax, I guess I should be OK.


> txf looks kind of half-baked to me (on Intuit's part)
>

Yeah, sometimes I think the world would be a better place without Intuit and
their 'standards'. Ever used the QuickBooks SDK? :-P

Thanks everyone!

-- 
Christopher Stamper

Email: christopherstamper at gmail.com
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