Withdrawing funds from a tax deferred account
Richard Dawson
rcdawson at att.net
Tue Dec 22 00:26:55 EST 2015
This is an accounting question rather than a gnucash operating question.
I created a gnucash asset account to receive my contributions to a tax
deferred retirement savings plan. Now that I am no longer working, I am
drawing funds out of that account, and I have to pay income taxes on
those funds. I am trying to come up with a way that the amount
withdrawn shows up as income, so that I can readily assemble income
information for taxes. The trouble is, it is already in an asset
account, having been originally transferred from my Income>salary
account to my asset>savings_plan account.
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