Investments Held In Trust

[Derek Atkins]

Honestly it doesn't matter.  Do whatever is easiest for you.

If that's not sufficient, I'd suggest you ask an accountant.

-derek

BruceG <griffisb at bellsouth.net> writes:

> Hey all,
>
> 	I have 3 different trust accounts for my kids. This is in my and my wife's 
> name, held in trust for our kids for college. I also have a separate savings 
> account for each kid. 
>
> 	How would I represent this in GnuCash? Would I put it under my main GnuCash 
> account, or create a separate GnuCash data file for each kid? Up until last 
> year, we included each of them when we filed taxes. Last year we reported 
> them as belonging to each kid (income was low enough per kid so they didn't 
> have to pay taxes).
>
> 	My thought is to create the accounts under my main GnuCash file and just mark 
> the accounts as held in trust.
>
> Bruce
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>

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available