[GNC] Reporting combinations of accounts

[Maf. King]

On Wednesday, 29 April 2020 23:51:13 BST Ruaraidh wrote:
> I'm in the UK where married couples are taxed separately and have to file
> separately. I'm not a tax expert, but I've just googled it and find
> confirmation on both government and accountants' web sites: husbands and
> wives (the words used on the web sites - I'm not sure about other types of
> couple) have been taxed independently since 1990.
> 
> So, interestingly, the original GnuCash question seems irrelevant in the
> USA, but still relevant here. You are lucky! 
> 


Hi Ruaraidh,   

Until a few years ago, my wife and I were both required to submit returns.  
There were some individual items to report and some "joint" items.

I had 3 books in GC - Me, Her, Us.  

I ran the income / expense etc reports for Me, and then Us.

divide the numbers from Us by 2 and add that to the totals from Me to get to 
what is to be reported on the tax return.   Generally, I think it was only 
bank interest that needed to be split, so in reality only a couple of 
calculations were needed.  YMMV, of course.

HTH,
Maf.