Recording Non-Taxable Dividends
Anthony
gnucash at inbox.org
Sat Jan 2 12:29:53 EST 2010
I'd ignore them. If you want to mark your retirement accounts to market on
a regular basis, they'll show up as "unrealized income" at that point.
What do you currently do with your unrealized gains?
On Sat, Jan 2, 2010 at 12:15 PM, Richard Ryder <rich.ryder at comcast.net>wrote:
> Can anyone suggest how I should record stock/mutual fund dividends that are
> reinvested within (U.S.) tax-deferred retirement accounts? Increases in the
> number of shares in such investment accounts do not result from present
> income. The income is only realized when taxable distributions are paid from
> the accounts. Gnucash may not care about the distinction between taxable and
> non-taxable income, but I don't want to have the income counted twice, once
> when the dividend is posted and again when the money is withdrawn (and the
> IRS wants it reported as "income").
> -- Richard Ryder
>
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