[GNC] [newbie] how to treat a gift?

[Boniforti Flavio]

Hi David.
I forgot to mention that I'm starting to use GnuCash just for my personal
financial situation.
Is in this situation any need to separate taxable from non-taxable income?
F.

https://www.instagram.com/boniforti_music
https://soundcloud.com/boniforti_music
https://bonny-j.bandcamp.com


Am Di., 3. Sept. 2024 um 22:10 Uhr schrieb David Cousens <
davidcousens49 at gmail.com>:

> The only other issue will be whether in your jurisdiction, a personal
> gift is regarded as income to taxtation purposes.  This will determine
> whether you need to creat Taxable and Non-Taxable Income placeholder
> accounts under your top level income account and under which you place
> the Income-Gifts
>
> David Cousens
>
>
> On Tue, 2024-09-03 at 20:20 +0200, Boniforti Flavio wrote:
> > Hi all.
> > I've received 100 bucks from a relative as a gift, which he sent to
> > me via
> > bank wire transfer.
> > In my GnuCash accounts I do have one called "Income:Gifts Received"
> > and I
> > also of course have the "Assets:Current Assets:Checking Account",
> > where the
> > money from the gift finally landed.
> >
> > How should I proceed to register this gift I received? I don't see
> > any
> > reason to do a "double-entry", because the money is not coming from
> > one of
> > my accounts - it's just getting INTO one of my accounts from
> > external...
> > Same question for my salary, of course.
> >
> > Thanks for your help,
> > F.
> >
> > https://www.instagram.com/boniforti_music
> > https://soundcloud.com/boniforti_music
> > https://bonny-j.bandcamp.com
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