Recording Paycheck and Gift Cards

[trythis]

I would put that gift card balance into asset, as in cash. If you want to
call it income, but I don't call my birthday presents income and dont report
them to the IRS.

If gifts later produce income in the form of interest, dividends, or
rentals, that income is taxable to you and you must include it on your tax
return, but I wouldnt call a gift card income. Just transfer it to
Assets:gift cards, or whatever.
I am not a CPA, or anything, so take that into consideration!
-- 
View this message in context: http://n4.nabble.com/Recording-Paycheck-and-Gift-Cards-tp1458208p1458281.html
Sent from the GnuCash - User mailing list archive at Nabble.com.