Best way to accumulate taxable IRA income

[Mike or Penny Novack]

On 9/24/2015 11:46 AM, John Ralls wrote:
>
>> On Sep 24, 2015, at 7:34 AM, Ed Fields <ed at efields.com> wrote:
>>
>> Well that picture idea in my original message was not a good idea.
>>
>> Treat the income part as a capital gain. See Chapter 9 in the Tutorial and Concept Guide for details.
>> http://www.gnucash.org/docs/v2.6/C/gnucash-guide/chapter_capgain.html
>>
>> Regards,
>> John Ralls
>>
>>
I think what John means is look at how you would be accounting for 
capital gains when an asset is disposed of. In that case there was 
usually a "cost basis" so not all income. But it is possible to have a 
cost basis of zero if 100% taxable income. In other words, that is the 
part of the "user guide" you would look at.

However your "gain" here is ordinary income, not "capital gains" << can 
be taxed differently by both the Feds and your state >>

Michael D Novack