Last year's tax return
melbogia
melbogia at gmail.com
Wed Sep 9 11:57:32 EDT 2015
Hi David, thanks for the reply. That sounds good, and I can easily create
sub-accounts. Though those sub-accounts (including last year's tax return)
will still show up in the expense report. I guess you just un-select the
tax return sub account when running expense report?
On Wed, Sep 9, 2015 at 8:38 AM, David Carlson <david.carlson.417 at gmail.com>
wrote:
> On 9/9/2015 9:50 AM, melbogia wrote:
> > Hello, I have been using gnucash for a little over a year, and I have set
> > up taxes like so
> >
> > Expenses:Taxes:Federal
> > Expenses:taxes:State
> >
> > When I filed tax return for 2014, I owed some taxes so I filed them under
> > the above categories. So a sample ledger looks like so:
> >
> > Expenses:Taxes:Federal (Expenses:Taxes:State looks similar)
> > 3/30/15 pay check federal tax 200.00
> > 4/15/15 2014 federal tax 500.00
> > 4/30/15 pay check federal tax 200.00
> >
> > The problem is that when I run an expense report, it includes the 2014
> > federal taxes, so the taxes I paid this year looks inflated. Technically
> I
> > did pay the 2014 taxes this year but those taxes were for last year. How
> > are folks handling this? Is there a better way? Should I just "back date"
> > the 2014 taxes to 12/31/14 so it doesn't show up in my expense report for
> > this year?
> >
> > mel
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> Mel,
> I have created several sub-accounts for each type of tax. Thus I have a
> separate sub-account for payments that accompany tax returns, and a
> sub-account for each unit that is paying tax on my behalf and will be
> sending me a W-2 or 1099 at the end of the year. Then I can easily
> compare each form with my records.
>
> David C
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