[GNC] TXF Categories

[David Carlson]

This is why I let my accountant do the details.  I have been confusing
Qualified Capital Gains with capital gains in Qualified Plans such as 401-K
or IRA.  I would still put each 'category' in a separate account so the
accountant can sort it all out.

On Fri, Mar 14, 2025 at 6:49 PM Fred Tydeman <tydeman.fred at gmail.com> wrote:

> 2 286  "Total dividend income"        Y   A   I   3            2011:1040:9a
> 2 683  "Qualified dividend"           Y   A   I   3            2011:1040:9b
>
> Thank you for the link.  There are two kinds of dividends there (see above)
>
> I am running Gnucash 5.10 on Fedora Linux 41.
> On my system there are four files named txf.scm (two US, two German)
> I have not looked at them yet to see which one I should alter.
>
> I already have separate sub-accounts for qualified dividends and
> non-qualified dividends.
> I also have QBI 199A dividends.
>
> These different kinds of dividends are treated differently in taxable
> accounts for US taxes.
>
> Clicking on:
> Edit -> Tax Report Options
> gets a popup that lists "TXF Categories"
> So, yes, there are categories here.
>
> On Fri, Mar 14, 2025 at 6:09 PM sunfish62 at yahoo.com <sunfish62 at yahoo.com>
> wrote:
>
>> I believe that txf has a standard (
>> https://taxdataexchange.org/docs/txf/v042/index.html) that governs what
>> gets puts into the GnuCash system. There doesn't appear to be an entry for
>> non-qualified dividends in the spec, although there is an entry for
>> qualified dividends.
>>
>> The GnuCash txf data appears to be in libgnucash/tax/us/txf.scm, so
>> you're able to edit that if you choose, but you'd have to manage that on
>> your own. Of course, the tax software using txf to receive this information
>> wouldn't know what to do with it.
>>
>> I agree with David C., though. Use separate accounts and assign each as
>> appropriate. You can get the data into the report by using the Report Only
>> option, but would have to manually get it into a tax software, since the
>> category is Report Only.
>>
>> David T.
>> On Mar 14, 2025, at 10:42 PM, David Carlson <david.carlson.417 at gmail.com>
>> wrote:
>>>
>>> What I do is use separate accounts for qualified and non-qualified assets,
>>> dividends, gains, etc.  Then they can be individually assigned to whichever
>>> line in whichever form they need to end up in for the tax report.I don't
>>> think the government cares about qualified income except if it affects
>>> costs when you take a distribution, so that may not even appear in the tax
>>> report.
>>>
>>> On Fri, Mar 14, 2025 at 1:24 PM Fred Tydeman <tydeman.fred at gmail.com> wrote:
>>>
>>>  Is it possible to edit or add to the TXF categories?
>>>>  I would like to have separate categories for
>>>>  qualified versus non-qualified dividends.
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>>>
>>>
>>>

-- 
David Carlson