[GNC] Tax report options
flywire
flywire0 at gmail.com
Sun May 14 20:24:13 EDT 2023
GnuCash Tax reporting feature doesn't work for Australia. To extend a few
comments:
> ...enter these foreign tax transactions... to a separate foreign tax
account
> That's perhaps because you hold foreign stocks only through mutual funds
> That's what accountants are for. Asking GnuCash to provide that level of
monitoring is out of scope for the software.
I disagree with the last comment. One of my favorite features of GnuCash is
tracking these ETF components and it has nothing to do with accountants.
With community support, I set up a contra account to get tax or financial
(cash) reporting from something I never understood (details in
https://lists.gnucash.org/pipermail/gnucash-user/2021-August/097493.html
thread).
It is a fairly quick and easy process using excel/python and Multi-split
csv import. ETF foreign tax transactions using normal accounts are shown
in
https://github.com/flywire/ETF-Annual-Statement/blob/main/VAS-annual-tax-statement-2018.png
and https://github.com/flywire/ETF-Annual-Statement as codes.
It is a spreadsheet process to add share/franking credits to etf/franking
credits (Distribution:13Q) and similar for capital gains
(Distribution:18H:18A) since the components are the same tax item. Any
thoughts of how I could sum them in reports from different account trees?
Tags would be a bit messy. I don't use account codes.
Regards
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