Abstract
The tax report can be used to prepare online tax reports for specific countries, see Section 9.3.7, “Country Specific Reports”. Currently US and partial DE are supported.
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Before it can be used in other regions, one needs to provide a localized taxtable. See the instructions in the wiki. | |
The Income Tax Information dialog is used to set Tax Report Options. The settings on accounts in this dialog are used by the TXF Export function in reports to select the accounts for export. To access this dialog go to → .
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If the Income Tax features are used, it is strongly recommended that the Tax Info column be made visible on the accounts tab (click large downward-pointing arrow and select Tax Info check box). The Tax Info column will display the Form/Schedule and tax category (e.g., Schedule D Dividend, cap gain distrib.) assigned to an account, if any. Alternatively, it will display the following error messages which can be corrected through → :
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The Income Tax Identity must be set in order to assign codes to individual accounts. Click to set the identity. The Tax Name is optional. If entered, it will be printed at the top of the report. A Type must be selected in order to activate the tax category selections. The choices are:
Individual, Joint, etc. - Files US Form 1040 Tax Return
Partnership - Files US Form 1065 Tax Return
Corporation - Files US Form 1120 Tax Return
S Corporation - Files US Form 1120S Tax Return
None - No Income Tax Options Provided
While the Income Tax Entity Type can be changed after tax categories have been assigned to accounts,
you should be cautioned that you will need to manually change each one if you do so, which
could be quite tedious. The tax categories are unique for each Income Tax Entity Type, so
changing the type will make all previously assigned categories invalid. It is assumed (and
highly recommended) that each GnuCash file is for only one tax entity and this is where you
specify its type of tax entity. You should not keep, for example, personal and partnership
accounts mixed in one GnuCash file if you plan to use the Income Tax Reporting features.
A given TXF code can be assigned to multiple accounts. The Tax Schedule Report will combine accounts by code and generate a detailed TXF record for each account and a summary TXF record for the total as calculated by the report.
For codes for which the "Payer Name Source" is not grayed, the payer on the TXF record will be based on what is specified here, either the account name of the account or the account name of the account’s parent account. This feature is typically used for interest accounts or stocks or mutual funds that pay dividends where the individual payees are shown on the tax schedule. For example, if the parent account’s name is the name of your broker and the sub-account’s names are the names of individual stocks that pay dividends and the name on the 1099-DIV received is that of the broker, in order to match that name, you would select ’Parent Account’; the total dividends from the broker would be exported and, if you had several brokers, there would be an amount exported and a subtotal for each broker, along with each brokers name. Alternatively, if you had a parent account named Directly Held, for example, and below it sub-accounts for one or more stocks, you would receive a 1099-DIV from the issuer of each stock separately and, in order to match that name, you would select Current Account; the total dividends from each stock would be exported and, if you had several stocks, there would be an amount exported and a subtotal for each stock, along with each stock’s name as the payer.
Some tax Forms/Schedules need to have multiple copies filed under some circumstances (for example, Schedule C if a taxpayer and spouse have separate businesses). For tax categories on these Forms/Schedules, the Copy Number is not grayed out and can be used to segregate accounts by copy number.
Accounts: This pane contains the list of accounts. Select an account to set a TXF category. If no account is selected nothing is changed. If multiple accounts are selected, all of the accounts will be set to the selected item.
Tax Related: Select this check-box to add tax information to an account then select the TXF Category below. This setting is displayed on the account edit dialogue but cannot be changed from there.
TXF Categories: Select the desired one. A detailed description appears just below (if available, otherwise it says No help available), along with the TXF code for the category and information about what line number on the form or schedule the amounts are included in by tax year (used for detailed sort on report).
Payer Name Source: Select an option to determine where the text description that is exported along with the value of the account is derived from, as described above. This is usually the name of a bank, stock, or mutual fund that pays dividends or interest. Occasionally, it is a description of a deduction.
Copy Number: A copy number that is exported along with the value of the account. This is used to segregate amounts between different copies of the same Form/Schedule that may need to be filed (e.g., Schedule C(1), Schedule C(2), etc.). This is also used to sort the report.
TaxCut 1999
Code: N488 "^ Sched B \ Div. income, cap gain distrib."
Code: N286 "^ Sched B \ Dividend income"
These two codes, from the same payer, are not correlated. The user will have to adjust for this after import.
TaxCut 1999, 2000
Code: N521 " F1040 \ Federal estimated tax, quarterly"
Does not accept the date field and does not import the individual payment amounts, only the total. The date and individual payment amounts, only matter if you have to compute the penalty. (this may be a TurboTax enhancement)
Code: N460 " W-2 \ Salary or wages, self"
Code: N506 " W-2 \ Salary or wages, spouse"
and other related codes.
Use Copy Number to separate information from more than one job.
TurboTax 1999, 2000
Code: N521 " F1040 \ Federal estimated tax, quarterly"
Does not accept the dates outside of the tax year. This is a problem for the last payment that is
due Jan 15. GnuCash changes the the date of the last payment to Dec 31 for the export unless
the "Do not use special date processing" option is selected in the report options display
tab. The user will have to adjust for this after import. The date only matters if you have
to compute the penalty.
TXF Tax eXport Format
Duplicate Codes
Codes can be assigned to multiple accounts and the amounts will be summed for all the accounts generating one detail TXF record per account and one summary TXF record for the sum. Codes that let you select "Payer Name Source" will generate a separate summary TXF account with each change in payer. Selecting the "Print TXF export parameters" option will cause the report to show to which codes this applies (Payer Name Source option Y) and, for the accounts assigned to those codes, the Name Source each account is set to and the TXF item number that will be assigned to each. A summary TXF record will be generated for each change in assigned item line number. These may not be handled the same by TaxCut and TurboTax.
Code: N673 "Short/Long gain or loss"
Short term or long term gain or loss from the sale of a security; generates TXF
output for only the date sold and sales amount, with the date acquired and cost basis
information left blank (to be separately added in the tax software). The code can be
assigned to either a short-, long-, or mixed-term gain/loss income account and the security
sales transaction should be entered as illustrated in Section 8.7, Selling Shares, of the
GnuCash Tutorial and Concepts Guide. The report uses the transaction split of the gain/loss
account to find one or more other splits in the same transaction with negative share
quantities. For each of these found, it generates a detailed TXF output
record with the quantity sold, the name of the security, the date sold, and the sales
amount. Note that if, for a given transaction, more than one transaction split is to a
gain/loss income account assigned to code 673, TXF output data will be
erroneously repeated. That is because the report will fetch the same data, and re-output it,
for each transaction split set to a gain/loss income account within the same transaction.
For this reason, there should be no more than one gain/loss account entered per transaction
to use this tax reporting code properly. (Note that no amounts are used from GnuCash’s
lot-tracking; a future enhancement is expected to use this data to provide capital gain
reporting).
Table 32. Detailed TXF Category Descriptions
Table 10.1. Detailed TXF Category Descriptions
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Tax Form \ TXF Code Description | Extended TXF Help messages |
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< help \ H001 Name of Current account is exported. | Categories marked with a “<” or a “^”, require a Payer identification to be exported. “<” indicates that the name of this account is exported as this Payer ID. Typically, this is a bank, stock, or mutual fund name. |
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^ help \ H002 Name of Parent account is exported. | Categories marked with a “<” or a “^”, require a Payer identification to be exported. “^” indicates that the name of the PARENT of this account is exported as this Payer ID. Typically, this is a bank, stock, or mutual fund name. |
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# help \ H003 Not implemented yet, Do NOT Use! | Categories marked with a “#” not fully implemented yet! Do not use these codes! |
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none \ N000 Tax Report Only - No TXF Export | This is a dummy category and only shows up on the tax report, but is not exported. |
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Help F1040 \ H256 Form 1040 - the main tax form | Form 1040 is the main form of your tax return. |
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F1040 \ N261 Alimony received | Amounts received as alimony or separate maintenance. Note: child support is not considered alimony. |
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F1040 \ N257 Other income, misc. | Miscellaneous income such as: a hobby or a farm you operate mostly for recreation and pleasure, jury duty pay. Exclude self employment income, gambling winnings, prizes and awards. |
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F1040 \ N258 Sick pay or disability pay | Amounts you receive from your employer while you are sick or injured are part of your salary or wages. Exclude workers’ compensation, accident or health insurance policy benefits, if you paid the premiums. |
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F1040 \ N260 State and local tax refunds | Refund of state or local income tax refund (or credit or offset) which you deducted or took a credit for in an earlier year. You should receive a statement, Form 1099-G. Not reportable if you didn’t itemize last year. |
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F1040 \ N262 IRA contribution, self | Contribution to a qualified IRA. If you or your spouse are covered by a company retirement plan, this amount could be limited or eliminated. |
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F1040 \ N263 Keogh deduction, self | Contributions to a Keogh or HR 10 plan of a sole proprietor or a partnership. |
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F1040 \ N264 Alimony paid | Amounts payed as alimony or separate maintenance. Note: child support is not considered alimony. |
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< F1040 \ N265 Early withdrawal penalty | Penalty on Early Withdrawal of Savings from CD’s or similar instruments. This is reported on Form 1099-INT or Form 1099-OID. |
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F1040 \ N266 Social Security income, self | The part of any monthly benefit under title II of the Social Security Act. These will be reported on Form SSA-1099. |
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F1040 \ N269 Taxable fringe benefits | Fringe benefits you receive in connection with the performance of your services are included in your gross income as compensation. Examples: Accident or Health Plan, Educational Assistance, Group-Term Life Insurance, Transportation (company car). |
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F1040 \ N481 IRA contribution, spouse | Contribution of a working spouse to a qualified IRA. If you or your spouse are covered by a company retirement plan, the deductible contribution could be limited or eliminated. |
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F1040 \ N482 IRA contrib., non-work spouse | IRA contribution for a non-working spouse. |
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F1040 \ N483 Social Security inc., spouse | Spouse’s part of any monthly benefit under title II of the Social Security Act. These will be reported on Form SSA-1099. |
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F1040 \ N516 Keogh deduction, spouse | Spouse Contributions to a Keogh or HR 10 plan of a sole proprietor or a partnership. |
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F1040 \ N517 SEP-IRA deduction, self | Contributions made to a simplified employee pension plan (SEP-IRA). |
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F1040 \ N518 SEP-IRA deduction, spouse | Spouse contributions made to a simplified employee pension plan (SEP-IRA). |
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F1040 \ N519 RR retirement income, self | The part of tier I railroad retirement benefits, which are treated as a social security benefits. These will be reported on Form RRB-1099. |
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F1040 \ N520 RR retirement inc., spouse | Spouse’s part of tier I railroad retirement benefits, which are treated as a social security benefits. These will be reported on Form RRB-1099. |
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F1040 \ N521 Federal estimated tax, quarterly |
The quarterly payments you made on your estimated Federal income tax (Form 1040-ES).
Include any overpay from your previous year return that you applied to your estimated
tax. NOTE: If a full year (Jan 1, YEAR to Dec 31, YEAR) is specified, GnuCash adjusts the
date to Mar 1, YEAR to Feb 28, YEAR+1. Thus, the payment due Jan 15 is exported for the
correct year.
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F1040 \ N607 Medical savings contribution, self | Contributions made to your medical savings account that were not reported on your Form W-2. |
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F1040 \ N608 Medical savings contribution, spouse | Contributions made to your spouse’s medical savings account that were not reported on their Form W-2. |
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F1040 \ N609 SIMPLE contribution, self | Contributions made to your SIMPLE retirement plan that were not reported on your Form W-2. |
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F1040 \ N610 SIMPLE contribution, spouse | Contributions made to your spouse’s SIMPLE retirement plan that were not reported on your spouse’s Form W-2. |
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F1040 \ N611 Fed tax withheld, Social Security, self | The amount of federal income taxes withheld from your part of any monthly benefit under title II of the Social Security Act. |
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F1040 \ N612 Fed tax withheld, Social Security, spouse | The amount of federal income taxes withheld from your spouse’s part of any monthly benefit under title II of the Social Security Act. |
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F1040 \ N613 Fed tax withheld, RR retire, self | The amount of federal income taxes withheld from your part of tier I railroad retirement benefits, which are treated as a social security benefits. |
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F1040 \ N614 Fed tax withheld, RR retire, spouse | The amount of federal income taxes withheld from your spouse’s part of tier I railroad retirement benefits, which are treated as a social security benefits. |
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F1040 \ N636 Student loan interest | The amount of interest you paid this year on qualified student loans. |
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Help F1099-G \ H634 Form 1099-G - certain Government payments | Form 1099-G is used to report certain government payments from federal, state, or local governments. |
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F1099-G \ N260 State and local tax refunds | Refund of state or local income tax refund (or credit or offset) which you deducted or took a credit for in an earlier year. You should receive a statement, Form 1099-G. Not reportable if you didn’t itemize last year. |
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F1099-G \ N479 Unemployment compensation | Total unemployment compensation paid to you this year. Reported on Form 1099-G. |
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F1099-G \ N605 Unemployment comp repaid | If you received an overpayment of unemployment compensation this year or last and you repaid any of it this year, subtract the amount you repaid from the total amount you received. |
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F1099-G \ N606 Fed tax withheld, unemployment comp | The amount of federal income taxes withheld from your unemployment compensation. |
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F1099-G \ N672 Qualified state tuition earnings | Qualified state tuition program earnings you received this year. |
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Help F1099-MISC \ H553 Form 1099-MISC - MISCellaneous income | Form 1099-MISC is used to report miscellaneous income received and direct sales of consumer goods for resale. |
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^ F1099-MISC \ N259 Prizes and awards | The amount of prizes and awards that are not for services performed. Included is the fair market value of merchandise won on game shows. |
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^ F1099-MISC \ N557 Other income | The amount of prizes and awards that are not for services performed. Included is the fair market value of merchandise won on game shows. Included is all punitive damages, any damages for nonphysical injuries or sickness, and any other taxable damages, Deceased employee’s wages paid to estate or beneficiary. |
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^ F1099-MISC \ N555 Rents | Amounts received for all types of rents, such as real estate rentals for office space, machine rentals, and pasture rentals. |
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^ F1099-MISC \ N556 Royalties | The gross royalty payments received from a publisher or literary agent. |
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^ F1099-MISC \ N558 Federal tax withheld | The amount of federal income tax withheld (backup withholding) from 1099-MISC income. |
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^ F1099-MISC \ N559 Fishing boat proceeds | Your share of all proceeds from the sale of a catch or the fair market value of a distribution in kind that you received as a crew member of a fishing boat. |
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^ F1099-MISC \ N560 Medical/health payments | The amount of payments received as a physician or other supplier or provider of medical or health care services. This includes payments made by medical and health care insurers under health, accident, and sickness insurance programs. |
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^ F1099-MISC \ N561 Non employee compensation | The amount of non-employee compensation received. This includes fees, commissions, prizes and awards for services performed, other forms of compensation for services you performed for a trade or business by which you are not employed. Also include oil and gas payments for a working interest. |
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^ F1099-MISC \ N562 Crop insurance proceeds | The amount of crop insurance proceeds as the result of crop damage. |
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^ F1099-MISC \ N563 State tax withheld | The amount of state income tax withheld (state backup withholding) from 1099-MISC income. |
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Help F1099=MSA \ H629 Form 1099-MSA Medical Savings Account | Form 1099-MSA is used to report medical savings account distributions. |
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F1099-MSA \ N631 MSA gross distribution | The amount you received this year from a Medical Savings Account. The amount may have been a direct payment to the medical service provider or distributed to you. |
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F1099-MSA \ N632 MSA earnings on excess contrib | The earnings on any excess contributions you withdrew from an MSA by the due date of your income tax return. If you withdrew the excess, plus any earnings, by the due date of your income tax return, you must include the earnings in your income in the year you received the distribution even if you used it to pay qualified medical expenses. |
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Help F1099-R \ H473 Form 1099-R - Retirement distributions | Form 1099-R is used to report taxable and non-taxable retirement distributions from retirement, pension, profit-sharing, or annuity plans. Use a separate Form 1099-R for each payer. |
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^ F1099-R \ N475 Total pension gross distribution | The gross amount of a distribution from a qualified pension or annuity plan. Note: IRA distributions are not included here. |
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^ F1099-R \ N476 Total pension taxable distribution | The taxable amount of a distribution from a qualified pension or annuity plan. Note: IRA distributions are not included here. |
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^ F1099-R \ N477 Total IRA gross distribution | The gross amount of a distribution from a qualified Individual Retirement Arrangement (IRA) plan. |
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^ F1099-R \ N478 Total IRA taxable distribution | The taxable amount of a distribution from a qualified Individual Retirement Arrangement (IRA) plan. |
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^ F1099-R \ N529 Pension federal tax withheld | The amount of federal income taxes withheld from your pension distribution. |
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^ F1099-R \ N530 Pension state tax withheld | The amount of state income taxes withheld from your pension distribution. |
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^ F1099-R \ N531 Pension local tax withheld | The amount of local income taxes withheld from your pension distribution. |
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^ F1099-R \ N532 IRA federal tax withheld | The amount of federal income taxes withheld from your IRA distribution. |
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^ F1099-R \ N533 IRA state tax withheld | The amount of state income taxes withheld from your IRA distribution. |
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^ F1099-R \ N534 IRA local tax withheld | The amount of local income taxes withheld from your IRA distribution. |
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^ F1099-R \ N623 SIMPLE total gross distribution | The gross amount of a distribution received from a qualified SIMPLE pension plan. |
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^ F1099-R \ N624 SIMPLE total taxable distribution | The taxable amount of a distribution received from a qualified SIMPLE plan. This amount may be subject to a federal penalty of up to 25%. |
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^ F1099-R \ N625 SIMPLE federal tax withheld | The amount of federal income taxes withheld from a SIMPLE distribution received. |
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^ F1099-R \ N626 SIMPLE state tax withheld | The amount of state income taxes withheld from a SIMPLE distribution received. |
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^ F1099-R \ N627 SIMPLE local tax withheld | The amount of local income taxes withheld from a SIMPLE distribution received. |
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Help F2106 \ H380 employee business expenses | Form 2106 is used to deduct employee business expenses. You must file this form if you were reimbursed by your employer or claim job-related travel, transportation, meal, or entertainment expenses. Use a separate Form 2106 for your spouse’s expenses. |
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F2106 \ N381 Education expenses | Cost of tuition, books, supplies, laboratory fees, and similar items, and certain transportation costs if the education maintains or improves skills required in your present work or is required by your employer or the law to keep your salary, status, or job, and the requirement serves a business purpose of your employer. Expenses are not deductible if they are needed to meet the minimum educational requirements to qualify you in your work or business or will lead to qualifying you in a new trade or business. |
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F2106 \ N382 Automobile expenses | Total annual expenses for gasoline, oil, repairs, insurance, tires, license plates, or similar items. |
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F2106 \ N384 Local transportation expenses | Local transportation expenses are the expenses of getting from one workplace to another when you are not traveling away from home. They include the cost of transportation by air, rail, bus, taxi, and the cost of using your car. Generally, the cost of commuting to and from your regular place of work is not deductible. |
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F2106 \ N385 Other business expenses | Other job-related expenses, including expenses for business gifts, trade publications, etc. |
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F2106 \ N386 Meal/entertainment expenses | Allowable meals and entertainment expense, including meals while away from your tax home overnight and other business meals and entertainment. |
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F2106 \ N387 Reimb. business expenses (non-meal/ent.) | Reimbursement for business expenses from your employer that is NOT included on your Form W-2. Note: meals and entertainment are NOT included here. |
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F2106 \ N388 Reimb. meal/entertainment expenses | Reimbursement for meal and entertainment expenses from your employer that is NOT included on your Form W-2. |
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F2106 \ N389 Job seeking expenses | Fees to employment agencies and other costs to look for a new job in your present occupation, even if you do not get a new job. |
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F2106 \ N390 Special clothing expenses | cost and upkeep of work clothes, if you must wear them as a condition of your employment, and the clothes are not suitable for everyday wear. Include the cost of protective clothing required in your work, such as safety shoes or boots, safety glasses, hard hats, and work gloves. |
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F2106 \ N391 Employee home office expenses | Your use of the business part of your home must be: exclusive, regular, for your trade or business, AND The business part of your home must be one of the following: your principal place of business, a place where you meet or deal with patients, clients, or customers in the normal course of your trade or business, or a separate structure (not attached to your home) you use in connection with your trade or business. Additionally, Your business use must be for the convenience of your employer, and You do not rent all or part of your home to your employer and use the rented portion to perform services as an employee. See IRS Pub 587. |
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F2106 \ N383 Travel (away from home) | Travel expenses are those incurred while traveling away from home for your employer. The cost of getting to and from your business destination (air, rail, bus, car, etc.), taxi fares, baggage charges, and cleaning and laundry expenses. Note: meal and entertainment expenses are not included here. |
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Help F4137 \ H503 Form 4137 - tips not reported | Form 4137 is used to compute social security and Medicare tax owed on tips you did not report to your employer. |
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F4137 \ N505 Total cash/tips not reported to employer | The amount of tips you did not report to your employer. |
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Help F2441 \ H400 Form 2441 - child and dependent credit | Form 2441 is used to claim a credit for child and dependent care expenses. |
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< F2441 \ N401 Qualifying child/dependent care expenses | The total amount you actually paid to the care provider. Also, include amounts your employer paid to a third party on your behalf. |
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< F2441 \ N402 Qualifying household expenses | The cost of services needed to care for the qualifying person as well as to run the home. They include the services of a babysitter, cleaning person, cook, maid, or housekeeper if the services were partly for the care of the qualifying person. |
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Help F3903 \ H403 Form 3903 - moving expenses | Form 3903 is used to claim moving expenses. |
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F3903 \ N406 Transport/storage of goods | The amount you paid to pack, crate and move your household goods and personal effects. You may include the cost to store and insure household goods and personal effects within any period of 30 days in a row after the items were moved from your old home. |
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F3903 \ N407 Travel/lodging, except meals | The amount you paid to travel from your old home to your new home. This includes transportation and lodging on the way. Although not all members of your household must travel together, you may only include expenses for one trip per person. Do not include meals. |
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Help F4684 \ H412 Form 4684 - casualties and thefts | Form 4684 is used to report gains and losses from casualties and thefts. |
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F4684 \ N416 FMV after casualty | The fair market value (FMV) is the price at which the property would change hands between a willing buyer and seller, each having knowledge of the relevant facts. The FMV after a theft is zero if the property is not recovered. The FMV is generally determined by competent appraisal. |
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F4684 \ N413 Basis of casualty property | Cost or other basis usually means original cost plus improvements. Subtract any postponed gain from the sale of a previous main home. Special rules apply to property received as a gift or inheritance. See Pub 551, Basis of Assets, for details. |
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F4684 \ N414 Insurance/reimbursement | The amount of insurance or other reimbursement you received expect to receive. |
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F4684 \ N415 FMV before casualty | The fair market value (FMV) is the price at which the property would change hands between a willing buyer and seller, each having knowledge of the relevant facts. FMV is generally determined by competent appraisal. |
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Help F4835 \ H569 Form 4835 - farm rental income | Form 4835 is used to report farm rental income received as a share of crops or livestock produced by your tenant if you did not materially participate in the operation or management of the farm. Use a different copy of Form 4835 for each farm rented. |
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F4835 \ N572 Total cooperative distributions | Distributions received from a cooperative. This includes patronage dividends, non patronage distributions, per-unit retain allocations, and redemption of non qualified notices and per unit retain allocations. Reported on Form 1099-PATR. |
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F4835 \ N571 Sale of livestock/produce | Income you received from livestock, produce, grains, and other crops based on production. Under both the cash and the accrual methods of reporting, you must report livestock or crop share rentals received in the year you convert them into money or its equivalent. |
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F4835 \ N573 Agricultural program payments | Government payments received for: price support payments, market gain from the repayment of a secured Commodity Credit Corporation (CCC) loan for less than the original loan amount, diversion payments, cost-share payments (sight drafts), payments in the form of materials (such as fertilizer or lime) or services (such as grading or building dams). Reported on Form 1099-G. |
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F4835 \ N574 CCC loans reported/election | Generally, you do not report CCC loan proceeds as income. However, if you pledge part or all of your production to secure a CCC loan, you may elect to report the loan proceeds as income in the year you receive them, instead of the year you sell the crop. |
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F4835 \ N575 CCC loans forfeited/repaid | The full amount forfeited or repaid with certificates, even if you reported the loan proceeds as income. See IRS Pub 225. |
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F4835 \ N576 Crop insurance proceeds received | You generally include crop insurance proceeds in the year you receive them. Treat as crop insurance proceeds the crop disaster payments you receive from the federal government. |
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F4835 \ N577 Crop insurance proceeds deferred | If you use the cash method of accounting and receive crop insurance proceeds in the same tax year in which the crops are damaged, you can choose to postpone reporting the proceeds as income until the following tax year. A statement must also be attached to your return. See IRS Pub 225. |
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F4835 \ N578 Other income | Illegal Federal irrigation subsidies, bartering income, income from discharge of indebtedness, state gasoline or fuel tax refund, the gain or loss on the sale of commodity futures contracts, etc. |
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F4835 \ N579 Car and truck expenses | The business portion of car or truck expenses, such as, for gasoline, oil, repairs, insurance, tires, license plates, etc. |
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F4835 \ N580 Chemicals | Chemicals used in operating your farm, such as insect sprays and dusts. |
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F4835 \ N581 Conservation expenses | Your expenses for soil or water conservation or for the prevention of erosion of land used in farming. To take this deduction, your expenses must be consistent with a plan approved by the Natural Resources Conservation Service (NRCS) of the Department of Agriculture. |
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F4835 \ N582 Custom hire expenses | Amounts you paid for custom hire (machine work) (the machine operator furnished the equipment). Do not include amounts paid for rental or lease of equipment you operated yourself. |
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F4835 \ N583 Employee benefit programs | Contributions to employee benefit programs, such as accident and health plans, group-term life insurance, and dependent care assistance programs. Do not include contributions that are a incidental part of a pension or profit-sharing plan. |
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F4835 \ N584 Feed purchased | The cost of feed for your livestock. Generally, you cannot currently deduct expenses for feed to be consumed by your livestock in a later tax year. See instructions for Schedule F. |
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F4835 \ N585 Fertilizers and lime | The cost of fertilizer, lime, and other materials applied to farm land to enrich, neutralize, or condition it. You can also deduct the cost of applying these materials. However, see Prepaid Farm Supplies, in Pub 225, for a rule that may limit your deduction for these materials. |
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F4835 \ N586 Freight and trucking | The costs of freight or trucking of produce or livestock. |
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F4835 \ N587 Gasoline, fuel, and oil | The costs of gas, fuel, oil, etc. for farm equipment. |
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F4835 \ N588 Insurance (other than health) | Premiums paid for farm business insurance, such as: fire, storm, crop, theft and liability protection of farm assets. Do not include premiums for employee accident and health insurance. |
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F4835 \ N589 Interest expense, mortgage | The interest you paid to banks or other financial institutions for which you received a Form 1098, for a mortgage on real property used in your farming business (other than your main home). If you paid interest on a debt secured by your main home, and any proceeds from that debt were used in your farming operation, refer to IRS Pub 225. |
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F4835 \ N590 Interest expense, other | The interest you paid for which you did not receive a Form 1098 (perhaps someone else did, and you are liable too), for a mortgage or other loans for your farm business. |
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F4835 \ N591 Labor hired | The amounts you paid for farm labor. Do not include amounts paid to yourself. Count the cost of boarding farm labor but not the value of any products they used from the farm. Count only what you paid house-hold help to care for farm laborers. |
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F4835 \ N592 Pension/profit-sharing plans | Enter your deduction for contributions to employee pension, profit-sharing, or annuity plans. If the plan included you as a self-employed person, see the instructions for Schedule C (Form 1040). |
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F4835 \ N593 Rent/lease vehicles, equip. | The business portion of your rental cost, for rented or leased vehicles, machinery, or equipment. But if you leased a vehicle for a term of 30 days or more, you may have to reduce your deduction by an inclusion amount. For details, see the instructions for Schedule C (Form 1040). |
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F4835 \ N594 Rent/lease land, animals | Amounts paid to rent or lease property such as pasture or farm land. |
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F4835 \ N595 Repairs and maintenance | Amounts you paid for repairs and maintenance of farm buildings, machinery, and equipment. You can also include what you paid for tools of short life or minimal cost, such as shovels and rakes. |
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F4835 \ N596 Seeds and plants purchased | The amounts paid for seeds and plants purchased for farming. |
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F4835 \ N597 Storage and warehousing | Amounts paid for storage and warehousing of crops, grains, etc. |
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F4835 \ N598 Supplies purchased | Livestock supplies and other supplies, including bedding, office supplies, etc. |
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F4835 \ N599 Taxes | Real estate and personal property taxes on farm business assets; Social security and Medicare taxes you paid to match what you are required to withhold from farm employees’ wages and any Federal unemployment tax paid; Federal highway use tax. |
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F4835 \ N600 Utilities | Amounts you paid for gas, electricity, water, etc., for business use on the farm. Do not include personal utilities. You cannot deduct the base rate (including taxes) of the first telephone line into your residence, even if you use it for business. |
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F4835 \ N601 Vet, breeding, medicine | The costs of veterinary services, medicine and breeding fees. |
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F4835 \ N602 Other farm expenses | Include all ordinary and necessary farm rental expenses not deducted elsewhere on Form 4835, such as advertising, office supplies, etc. Do not include fines or penalties paid to a government for violating any law. |
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Help F4952 \ H425 Form 4952 - investment interest | Form 4952 is used to compute the amount of investment interest expense deductible for the current year and the amount, if any, to carry forward to future years. |
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F4952 \ N426 Investment interest expense | The investment interest paid or accrued during the tax year, regardless of when you incurred the indebtedness. Investment interest is interest paid or accrued on a loan (or part of a loan) that is allocable to property held for investment. |
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Help F6252 \ H427 Form 6252 - income from casual sales | Form 6252 is used to report income from casual sales of real or personal property when you will receive any payments in a tax year after the year of sale (i.e., installment sale). |
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F6252 \ N428 Selling price | Enter the total of any money, face amount of the installment obligation, and the FMV of other property that you received or will receive in exchange for the property sold. |
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F6252 \ N429 Debt assumed by buyer | Enter only mortgages or other debts the buyer assumed from the seller or took the property subject to. Do not include new mortgages the buyer gets from a bank, the seller, or other sources. |
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F6252 \ N431 Depreciation allowed | Enter all depreciation or amortization you deducted or should have deducted from the date of purchase until the date of sale. Add any section 179 expense deduction. Several other adjustments are allowed, See Form 6252 instructions. |
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F6252 \ N432 Expenses of sale | Enter sales commissions, advertising expenses, attorney and legal fees, etc., in selling the property. |
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F6252 \ N434 Payments received this year | Enter all money and the fair market value (FMV) of any property you received in this tax year. Include as payments any amount withheld to pay off a mortgage or other debt, such as broker and legal fees. Do not include interest whether stated or unstated. |
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F6252 \ N435 Payments received prior years | Enter all money and the fair market value (FMV) of property you received before this tax year from the sale. Include allocable installment income and any other deemed payments from prior years. Do not include interest whether stated or unstated. |
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Help F8815 \ H441 Form 8815 - EE U.S. savings bonds sold for education | Form 8815 is used to compute the amount of interest you may exclude if you cashed series EE U.S. savings bonds this year that were issued after 1989 to pay for qualified higher education costs. |
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F8815 \ N442 Qualified higher education expenses | Qualified higher education expenses include tuition and fees required for the enrollment or attendance of the person(s). Do not include expenses for room and board, or courses involving sports, games, or hobbies that are not part of a degree or certificate granting program. |
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F8815 \ N443 Nontaxable education benefits | Nontaxable educational benefits. These benefits include: Scholarship or fellowship grants excludable from income under section 117; Veterans’ educational assistance benefits; Employer-provided educational assistance benefits that are not included in box 1 of your W-2 form(s); Any other payments (but not gifts, bequests, or inheritances) for educational expenses that are exempt from income tax by any U.S. law. Do not include nontaxable educational benefits paid directly to, or by, the educational institution. |
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F8815 \ N444 EE US savings bonds proceeds | Enter the total proceeds (principal and interest) from all series EE and I U.S. savings bonds issued after 1989 that you cashed during this tax year. |
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F8815 \ N445 Post-89 EE bond face value | The face value of all post-1989 series EE bonds cashed this tax year. |
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Help F8863 \ H639 Form 8863 - Hope and Lifetime Learning education credits | Form 8863 is used to compute the Hope and Lifetime Learning education credits. IRS rules are stringent for these credits. Refer to IRS Publication 970 for more information. |
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F8863 \ N637 Hope credit | Expenses qualified for the Hope credit are amounts paid this tax year for tuition and fees required for the student’s enrollment or attendance at an eligible educational institution. |
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F8863 \ N638 Lifetime learning credit | Expenses qualified for the Lifetime Learning credit are amounts paid this tax year for tuition and fees required for the student’s enrollment or attendance at an eligible educational institution. |
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Help F8829 \ H536 Form 8829 - business use of your home | Form 8829 is used only if you file a Schedule C, Profit or Loss from Business, and you meet specific requirements to deduct expenses for the business use of your home. IRS rules are stringent for this deduction. Refer to IRS Publication 587. |
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F8829 \ N537 Deductible mortgage interest | The total amount of mortgage interest that would be deductible whether or not you used your home for business (i.e., amounts allowable as itemized deductions on Schedule A, Form 1040). Form 8829 computes the deductible business portion. |
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F8829 \ N538 Real estate taxes | The total amount of real estate taxes that would be deductible whether or not you used your home for business (i.e., amounts allowable as itemized deductions on Schedule A, Form 1040). Form 8829 computes the deductible business portion. |
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F8829 \ N539 Insurance | The total amount of insurance paid for your home, in which an area or room is used regularly and exclusively for business. Form 8829 computes the deductible business portion. |
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F8829 \ N540 Repairs and maintenance | The total amount of repairs and maintenance paid for your home, in which an area or room is used regularly and exclusively for business. Form 8829 computes the deductible business portion. |
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F8829 \ N541 Utilities | The total amount of utilities paid for your home, in which an area or room is used regularly and exclusively for business. Form 8829 computes the deductible business portion. |
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F8829 \ N542 Other expenses | If you rent rather than own your home, include rent paid for your home, in which an area or room is used regularly and exclusively for business. Form 8829 computes the deductible business portion. |
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Help F8839 \ H617 Form 8839 - adoption expenses | Form 8839 is used to report qualified adoption expenses. |
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F8839 \ N618 Adoption fees | Adoption fees that are reasonable and necessary, directly related to, and for the principal purpose of, the legal adoption of an eligible child. |
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F8839 \ N619 Court costs | Court costs that are reasonable and necessary, directly related to, and for the principal purpose of, the legal adoption of an eligible child. |
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F8839 \ N620 Attorney fees | Attorney fees that are reasonable and necessary, directly related to, and for the principal purpose of, the legal adoption of an eligible child. |
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F8839 \ N621 Traveling expenses | Traveling expenses (including meals and lodging) while away from home, directly related to, and for the principal purpose of, the legal adoption of an eligible child. |
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F8839 \ N622 Other expenses | Other expenses that are reasonable and necessary, directly related to, and for the principal purpose of, the legal adoption of an eligible child. |
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Home Sale \ N392 Home Sale worksheets (was F2119) | Home Sale worksheets (replaces Form 2119) are used to report the sale of your personal residence. See IRS Pub 523. |
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Home Sale \ N393 Selling price of old home | The selling price is the total amount you receive for your home. It includes money, all notes, mortgages, or other debts assumed by the buyer as part of the sale, and the fair market value of any other property or any services you receive. Reported on Form 1099-S. |
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Home Sale \ N394 Expense of sale | Selling expenses include commissions, advertising fees, legal fees, title insurance, and loan charges paid by the seller, such as loan placement fees or "points." |
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Home Sale \ N396 Fixing-up expenses | Fixing-up expenses are decorating and repair costs that you paid to sell your old home. For example, the costs of painting the home, planting flowers, and replacing broken windows are fixing-up expenses. Fixing-up expenses must meet all the following conditions. The expenses: Must be for work done during the 90-day period ending on the day you sign the contract of sale with the buyer; Must be paid no later than 30 days after the date of sale; Cannot be deductible in arriving at your taxable in-come; Must not be used in figuring the amount realized; and Must not be capital expenditures or improvements. |
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Home Sale \ N397 Cost of new home | The cost of your new home includes costs incurred within the replacement period (beginning 2 years before and ending 2 years after the date of sale) for the following items: Buying or building the home; Rebuilding the home; and Capital improvements or additions. |
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Help Sched A \ H270 Schedule A - itemized deductions | Schedule A is used to report your itemized deductions. |
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Sched A \ N271 Subscriptions | Amounts paid for subscriptions to magazines or services that are directly related to the production or collection of taxable income. (example: subscriptions to investment publications, stock newsletters, etc.). |
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Sched A \ N272 Gambling losses | Gambling losses, but only to the extent of gambling winnings reported on Form 1040. Note: not subject to the 2% AGI of limitation. |
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Sched A \ N273 Medicine and drugs | Prescription medicines, eyeglasses, contact lenses, hearing aids. Over-the-counter medicines are not deductible. |
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Sched A \ N274 Medical travel and lodging | Lodging expenses while away from home to receive medical care in a hospital or a medical care facility related to a hospital. Do not include more than $50 a night for each eligible person. Ambulance service and other travel costs to get medical care. |
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Sched A \ N275 State income taxes | State income taxes paid this year for a prior year. Include any part of a prior year refund that you chose to have credited to this years state income taxes. |
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Sched A \ N276 Real estate taxes | Include taxes (state, local, or foreign) you paid on real estate you own that was not used for business, but only if the taxes are based on the assessed value of the property. Do not include taxes charged for improvements that tend to increase the value of your property (for example, an assessment to build a new sidewalk). |
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Sched A \ N277 Other taxes | Other taxes paid not included under state and local income taxes, real estate taxes, or personal property taxes. You may want to take a credit for the foreign tax instead of a deduction. |
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Sched A \ N280 Cash charity contributions | Contributions or gifts by cash or check you gave to organizations that are religious, charitable, educational, scientific, or literary in purpose. You may also deduct what you gave to organizations that work to prevent cruelty to children or animals. For donations of $250 or more, you must have a statement from the charitable organization showing the amount donated and the value of goods or services you received. |
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Sched A \ N281 Tax preparation fees | Fees you paid for preparation of your tax return, including fees paid for filing your return electronically. |
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Sched A \ N282 Investment management fees | Investment interest is interest paid on money you borrowed that is allocable to property held for investment. It does not include any interest allocable to passive activities or to securities that generate tax-exempt income. |
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Sched A \ N283 Home mortgage interest (1098) | Home mortgage interest and points reported to you on Form 1098. The interest could be on a first or second mortgage, home equity loan, or refinanced mortgage. |
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Sched A \ N284 Points paid (no 1098) | Generally, you must deduct points you paid to refinance a mortgage over the life of the loan. If you used part of the proceeds to improve your main home, you may be able to deduct the part of the points related to the improvement in the year paid. See Pub. 936 Use this line for points not reported on Form 1098. |
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Sched A \ N484 Doctors, dentists, hospitals | Insurance premiums for medical and dental care, medical doctors, dentists, eye doctors, surgeons, X-ray, laboratory services, hospital care, etc. See IRS Pub 502. |
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Sched A \ N486 Misc., subject to 2% AGI limit | Safety equipment, small tools, and supplies you needed for your job; Uniforms required by your employer and which you may not usually wear away from work; subscriptions to professional journals; job search expenses; certain educational expenses. You may need to file Form 2106. |
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Sched A \ N485 Non-cash charity contributions | The fair market value of donated property, such as used clothing or furniture. |
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Sched A \ N522 State estimated tax, quarterly | State estimated tax payments made this year. |
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Sched A \ N523 Misc., no 2% AGI limit | Other miscellaneous itemized deductions that are not reduced by 2% of adjusted gross income, such as casualty and theft losses from income-producing, amortizable bond premium on bonds acquired before October 23, 1986, federal estate tax on income in respect to a decedent, certain unrecovered investment in a pension, impairment-related work expenses of a disabled person. |
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Sched A \ N535 Personal property taxes | Enter personal property tax you paid, but only if it is based on value alone. Example: You paid a fee for the registration of your car. Part of the fee was based on the car s value and part was based on its weight. You may deduct only the part of the fee that is based on the car s value. |
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Sched A \ N544 Local income taxes | Local income taxes that were not withheld from your salary, such as local income taxes you paid this year for a prior year. |
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Sched A \ N545 Home mortgage interest (no 1098) | Home mortgage interest paid, for which you did not receive a Form 1098 from the recipient. The interest could be on a first or second mortgage, home equity loan, or refinanced mortgage. |
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Help Sched B \ H285 Schedule B - interest and dividend income | Schedule B is used to report your interest and dividend income. |
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^ Sched B \ N286 Dividend income, Ordinary | Ordinary dividends from mutual funds, stocks, etc., are reported to you on a 1099-DIV. Note: these are sometimes called short term capital gain distributions. Do not include (long term) capital gain distributions or non-taxable dividends here, these go on Sched D |
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< Sched B \ N287 Interest income | Taxable interest includes interest you receive from bank accounts, credit unions, loans you made to others. There are several categories of interest, be sure you select the correct one! |
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< Sched B \ N288 Interest income, US government | Interest on U.S. obligations, such as U.S. Treasury bills, notes, and bonds issued by any agency of the United States. This income is exempt from all state and local income taxes. There are several categories of interest, be sure you select the correct one! |
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< Sched B \ N289 Interest income, State and municipal bond | Interest on bonds or notes of states, counties, cities, the District of Columbia, or possessions of the United States is generally free of federal income tax (but you may pay state income tax). There are several categories of interest, be sure you select the correct one! |
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< Sched B \ N290 Interest income, tax-exempt private activity bond | Interest income from a qualified tax-exempt private activity bond is not taxable if it meets all requirements. This income is included on your Schedule B as non-taxable interest income. There are several categories of interest, be sure you select the correct one! |
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< Sched B \ N487 Dividend income, non-taxable | Some mutual funds pay shareholders non-taxable dividends. The amount of non-taxable dividends are indicated on your monthly statements or Form 1099-DIV. |
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< Sched B \ N489 Interest income, non-taxable | Non-taxable interest income other than from bonds or notes of states, counties, cities, the District of Columbia, or a possession of the United States, or from a qualified private activity bond. There are several categories of interest, be sure you select the correct one! |
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< Sched B \ N490 Interest income, taxed only by fed | Interest income that is taxed on your federal return, but not on your state income tax return - other than interest paid on U.S. obligations. There are several categories of interest, be sure you select the correct one! |
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< Sched B \ N491 Interest income, taxed only by state | Interest income that is not taxed on your federal return, but is taxed on your state income tax return - other than interest income from state bonds or notes, the District of Columbia, or a possession of the United States. There are several categories of interest, be sure you select the correct one! |
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< Sched B \ N492 Interest income, OID bonds | Interest income from Original Issue Discount (OID) bonds will be reported to you on Form 1099-OID. There are several categories of interest, be sure you select the correct one! |
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< Sched B \ N524 Interest income, Seller-financed mortgage | Interest the buyer paid you on a mortgage or other form of seller financing, for your home or other property and the buyer used the property as a personal residence. There are several categories of interest, be sure you select the correct one! |
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< Sched B \ N615 Fed tax withheld, dividend income | The amount of federal income taxes withheld from dividend income. This is usually reported on Form 1099-DIV. |
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< Sched B \ N616 Fed tax withheld, interest income | The amount of federal income taxes withheld from interest income. This is usually reported on Form 1099-INT. |
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Help Sched C \ H291 Schedule C - self-employment income | Schedule C is used to report income from self-employment. Use a separate Schedule C to report income and expenses from different businesses. |
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Sched C \ N293 Gross receipts or sales | The amount of gross receipts from your trade or business. Include amounts you received in your trade or business that were properly shown on Forms 1099-MISC. |
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Sched C \ N294 Meals and entertainment | Total business meal and entertainment expenses. Business meal expenses are deductible only if they are (a) directly related to or associated with the active conduct of your trade or business, (b) not lavish or extravagant, and (c) incurred while you or your employee is present at the meal. |
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Sched C \ N296 Returns and allowances | Credits you allow customers for returned merchandise and any other allowances you make on sales. |
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Sched C \ N297 Wages paid | The total amount of salaries and wages for the tax year. Do not include amounts paid to yourself. |
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Sched C \ N298 Legal and professional fees | Accountant’s or legal fees for tax advice related to your business and for preparation of the tax forms related to your business. |
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Sched C \ N299 Rent/lease vehicles, equip. | The amount paid to rent or lease vehicles, machinery, or equipment, for your business. If you leased a vehicle for a term of 30 days or more, you may have to reduce your deduction by an amount called the inclusion amount. See Pub. 463. |
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Sched C \ N300 Rent/lease other business property | The amounts paid to rent or lease real estate or property, such as office space in a building. |
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Sched C \ N301 Supplies (not from Cost of Goods Sold) | The cost of supplies not reported under Cost Of Goods Sold. |
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Sched C \ N302 Other business expenses | Other costs not specified on other lines of Schedule C, such as: Clean-fuel vehicles and refueling property; Donations to business organizations; Educational expenses; Environmental cleanup costs; Impairment-related expenses; Interview expense allowances; Licenses and regulatory fees; Moving machinery; Outplacement services; Penalties and fines you pay for late performance or nonperformance of a contract; Subscriptions to trade or professional publications. |
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Sched C \ N303 Other business income | The amounts from finance reserve income, scrap sales, bad debts you recovered, interest (such as on notes and accounts receivable), state gasoline or fuel tax refunds you got this year, prizes and awards related to your trade or business, and other kinds of miscellaneous business income. |
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Sched C \ N304 Advertising | The amounts paid for advertising your trade or business in newspapers, publications, radio or television. Also include the cost of brochures, business cards, or other promotional material. |
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Sched C \ N305 Bad debts from sales/services | Include debts and partial debts from sales or services that were included in income and are definitely known to be worthless. |
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Sched C \ N306 Car and truck expenses | You can deduct the actual expenses of running your car or truck, or take the standard mileage rate. |
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Sched C \ N307 Commissions and fees | The amounts of commissions or fees paid to independent contractors (non employees) for their services. |
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Sched C \ N308 Employee benefit programs | Contributions to employee benefit programs that are not an incidental part of a pension or profit-sharing plan. Examples are accident and health plans, group-term life insurance, and dependent care assistance programs. |
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Sched C \ N309 Depletion | The amounts for depletion. If you have timber depletion, attach Form T. See Pub. 535. |
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Sched C \ N310 Insurance, other than health | Premiums paid for business insurance. Do not include amounts paid for employee accident and health insurance. nor amounts credited to a reserve for self-insurance or premiums paid for a policy that pays for your lost earnings due to sickness or disability. See Pub. 535. |
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Sched C \ N311 Interest expense, mortgage | The interest you paid to banks or other financial institutions for which you received a Form 1098, for a mortgage on real property used in your business (other than your main home). |
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Sched C \ N312 Interest expense, other | The interest you paid for which you did not receive a Form 1098 (perhaps someone else did, and you are liable too), for a mortgage or other loans for your business. |
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Sched C \ N313 Office expenses | The cost of consumable office supplies such as business cards, computer supplies, pencils, pens, postage stamps, rental of postal box or postage machines, stationery, Federal Express and UPS charges, etc. |
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Sched C \ N314 Pension/profit sharing plans | You can set up and maintain the following small business retirement plans for yourself and your employees, such as: SEP (Simplified Employee Pension) plans; SIMPLE (Savings Incentive Match Plan for Employees) plans; Qualified plans (including Keogh or H.R. 10 plans). You deduct contributions you make to the plan for yourself on Form 1040. |
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Sched C \ N315 Repairs and maintenance | The cost of repairs and maintenance. Include labor, supplies, and other items that do not add to the value or increase the life of the property. Do not include the value of your own labor. Do not include amounts spent to restore or replace property; they must be capitalized. |
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Sched C \ N316 Taxes and licenses | Include the following taxes: State and local sales taxes imposed on you as the seller of goods or services; Real estate and personal property taxes on business assets; Social security and Medicare taxes paid to match required withholding from your employees’ wages; Also, Federal unemployment tax paid; Federal highway use tax. |
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Sched C \ N317 Travel | Expenses for lodging and transportation connected with overnight travel for business while away from your tax home. |
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Sched C \ N318 Utilities | The costs of electricity, gas, telephone, etc. for your business property. |
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Sched C \ N493 Cost of Goods Sold - Purchases | If you are a merchant, use the cost of all merchandise you bought for sale. If you are a manufacturer or producer, this includes the cost of all raw materials or parts purchased for manufacture into a finished product. You must exclude the cost of merchandise you withdraw for your personal or family use. |
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Sched C \ N494 Cost of Goods Sold - Labor | Labor costs are usually an element of cost of goods sold only in a manufacturing or mining business. In a manufacturing business, labor costs that are properly allocable to the cost of goods sold include both the direct and indirect labor used in fabricating the raw material into a finished, salable product. |
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Sched C \ N495 Cost of Goods Sold - Materials/supplies | Materials and supplies, such as hardware and chemicals, used in manufacturing goods are charged to cost of goods sold. Those that are not used in the manufacturing process are treated as deferred charges. You deduct them as a business expense when you use them. |
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Sched C \ N496 Cost of Goods Sold - Other costs | Other costs incurred in a manufacturing or mining process that you charge to your cost of goods sold are containers, freight-in, overhead expenses. |
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Help Sched D \ H320 Schedule D - capital gains and losses | Schedule D is used to report gains and losses from the sale of capital assets. |
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# Sched D \ N321 Short Term gain/loss - security |
Short term gain or loss from the sale of a security. Not yet implemented in GnuCash.
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# Sched D \ N323 Long Term gain/loss - security |
Long term gain or loss from the sale of a security. Not yet implemented in GnuCash.
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^ Sched D \ N488 Dividend income, capital gain distributions | Sometimes called long term capital gain distributions. These are from mutual funds, other regulated investment companies, or real estate investment trusts. These are reported on your monthly statements or Form 1099-DIV. Note: short term capital gain distributions are reported on Sched B as ordinary dividends |
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# Sched D \ N673 Short/Long Term gain or loss | Short term or long term gain or loss from the sale of a security; for use when only the date sold and net sales amount are available and the date acquired and cost basis information is not available and will be separately added in the tax software. |
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Help Sched E \ H325 Schedule E - rental and royalty income | Schedule E is used to report income or loss from rental real estate, royalties, and residual interest in REMIC’s. Use a different copy for each rental or royalty. Use the Schedule K-1 categories for partnership rental income and loss amounts. |
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Sched E \ N326 Rents received | The amounts received as rental income from real estate (including personal property leased with real estate) but you were not in the real estate business. (If you are in the business of renting personal property, use Schedule C.) |
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Sched E \ N327 Royalties received | Royalties received from oil, gas, or mineral properties (not including operating interests); copyrights; and patents. |
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Sched E \ N328 Advertising | Amounts paid to advertise rental unit(s) in newspapers or other media or paid to realtor’s to obtain tenants. |
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Sched E \ N329 Auto and travel | The ordinary and necessary amounts of auto and travel expenses related to your rental activities, including 50% of meal expenses incurred while traveling away from home. |
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Sched E \ N330 Cleaning and maintenance | The amounts paid for cleaning services (carpet, drapes), cleaning supplies, locks and keys, pest control, pool service, and general cost of upkeep of the rental property. |
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Sched E \ N331 Commissions | The amounts paid as Commissions to realtor’s or management companies to collect rent. |
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Sched E \ N332 Insurance | Insurance premiums paid for fire, theft, liability. |
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Sched E \ N333 Legal and professional fees | The amounts of fees for tax advice and the preparation of tax forms related to your rental real estate or royalty properties. |
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Sched E \ N334 Mortgage interest expense | Interest paid to banks or other financial institutions for a mortgage on your rental property, and you received a Form 1098. |
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Sched E \ N335 Other interest expense | Interest paid for a mortgage on your rental property, not paid to banks or other financial institutions or you did not receive a Form 1098. |
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Sched E \ N336 Repairs | You may deduct the cost of repairs made to keep your property in good working condition. Repairs generally do not add significant value to the property or extend its life. |
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Sched E \ N337 Supplies | Miscellaneous items needed to maintain the property, such as: brooms, cleaning supplies, nails, paint brushes, etc. |
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Sched E \ N338 Taxes | The amounts paid for real estate and personal property taxes. Also include the portion of any payroll taxes you paid for your employees. |
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Sched E \ N339 Utilities | The costs of electricity, gas, telephone, etc. for your rental property. |
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Sched E \ N341 Other expenses | Other expenses that are not listed on other tax lines of Schedule E. These might include the cost of gardening and/or snow removal services, association dues, bank charges, etc. |
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Sched E \ N502 Management fees | The amount of fees to a manager or property management company to oversee your rental or royalty property. |
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Help Sched F \ H343 Schedule F - Farm income and expense | Schedule F is used to report farm income and expense. Use a different copy of Schedule F for each farm you own. |
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Sched F \ N344 Labor hired | The amounts you paid for farm labor. Do not include amounts paid to yourself. Count the cost of boarding farm labor but not the value of any products they used from the farm. Count only what you paid house-hold help to care for farm laborers. |
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Sched F \ N345 Repairs and maintenance | Amounts you paid for repairs and maintenance of farm buildings, machinery, and equipment. You can also include what you paid for tools of short life or minimal cost, such as shovels and rakes. |
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Sched F \ N346 Interest expense, mortgage | The interest you paid to banks or other financial institutions for which you received a Form 1098, for a mortgage on real property used in your farming business (other than your main home). If you paid interest on a debt secured by your main home, and any proceeds from that debt were used in your farming operation, refer to IRS Pub 225. |
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Sched F \ N347 Interest expense, other | The interest you paid for which you did not receive a Form 1098 (perhaps someone else did, and you are liable too), for a mortgage or other loans for your farm business. |
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Sched F \ N348 Rent/lease land, animals | Amounts paid to rent or lease property such as pasture or farm land. |
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Sched F \ N349 Rent/lease vehicles, equip. | The business portion of your rental cost, for rented or leased vehicles, machinery, or equipment. But if you leased a vehicle for a term of 30 days or more, you may have to reduce your deduction by an inclusion amount. For details, see the instructions for Schedule C (Form 1040). |
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Sched F \ N350 Feed purchased | The cost of feed for your livestock. Generally, you cannot currently deduct expenses for feed to be consumed by your livestock in a later tax year. See instructions for Schedule F. |
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Sched F \ N351 Seeds and plants purchased | The amounts paid for seeds and plants purchased for farming. |
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Sched F \ N352 Fertilizers and lime | The cost of fertilizer, lime, and other materials applied to farm land to enrich, neutralize, or condition it. You can also deduct the cost of applying these materials. However, see Prepaid Farm Supplies, in Pub 225, for a rule that may limit your deduction for these materials. |
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Sched F \ N353 Supplies purchased | Livestock supplies and other supplies, including bedding, office supplies, etc. |
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Sched F \ N355 Vet, breeding, and medicine | The costs of veterinary services, medicine and breeding fees. |
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Sched F \ N356 Gasoline, fuel, and oil | The costs of gas, fuel, oil, etc. for farm equipment. |
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Sched F \ N357 Storage and warehousing | Amounts paid for storage and warehousing of crops, grains, etc. |
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Sched F \ N358 Taxes | Real estate and personal property taxes on farm business assets; Social security and Medicare taxes you paid to match what you are required to withhold from farm employees’ wages and any Federal unemployment tax paid; Federal highway use tax. |
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Sched F \ N359 Insurance, other than health | Premiums paid for farm business insurance, such as: fire, storm, crop, theft and liability protection of farm assets. Do not include premiums for employee accident and health insurance. |
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Sched F \ N360 Utilities | Amounts you paid for gas, electricity, water, etc., for business use on the farm. Do not include personal utilities. You cannot deduct the base rate (including taxes) of the first telephone line into your residence, even if you use it for business. |
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Sched F \ N361 Freight and trucking | The costs of freight or trucking of produce or livestock. |
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Sched F \ N362 Conservation expenses | Your expenses for soil or water conservation or for the prevention of erosion of land used in farming. To take this deduction, your expenses must be consistent with a plan approved by the Natural Resources Conservation Service (NRCS) of the Department of Agriculture. |
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Sched F \ N363 Pension/profit sharing plans | Enter your deduction for contributions to employee pension, profit-sharing, or annuity plans. If the plan included you as a self-employed person, see the instructions for Schedule C (Form 1040). |
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Sched F \ N364 Employee benefit programs | Contributions to employee benefit programs, such as accident and health plans, group-term life insurance, and dependent care assistance programs. Do not include contributions that are a incidental part of a pension or profit-sharing plan. |
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Sched F \ N365 Other farm expenses | Include all ordinary and necessary farm expenses not deducted elsewhere on Schedule F, such as advertising, office supplies, etc. Do not include fines or penalties paid to a government for violating any law. |
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Sched F \ N366 Chemicals | Chemicals used in operating your farm, such as insect sprays and dusts. |
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Sched F \ N367 Custom hire expenses | Amounts you paid for custom hire (machine work) (the machine operator furnished the equipment). Do not include amounts paid for rental or lease of equipment you operated yourself. |
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Sched F \ N372 Agricultural program payments | Government payments received for: price support payments, market gain from the repayment of a secured Commodity Credit Corporation (CCC) loan for less than the original loan amount, diversion payments, cost-share payments (sight drafts), payments in the form of materials (such as fertilizer or lime) or services (such as grading or building dams). Reported on Form 1099-G. |
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Sched F \ N373 CCC loans reported/election | Generally, you do not report CCC loan proceeds as income. However, if you pledge part or all of your production to secure a CCC loan, you may elect to report the loan proceeds as income in the year you receive them, instead of the year you sell the crop. |
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Sched F \ N374 CCC loans forfeited or repaid | The amount forfeited or repaid with certificates, even if you reported the loan proceeds as income. See IRS Pub 225. |
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Sched F \ N375 Crop insurance proceeds received | You generally include crop insurance proceeds in the year you receive them. Treat as crop insurance proceeds the crop disaster payments you receive from the federal government. |
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Sched F \ N376 Crop insurance proceeds deferred | If you use the cash method of accounting and receive crop insurance proceeds in the same tax year in which the crops are damaged, you can choose to postpone reporting the proceeds as income until the following tax year. A statement must also be attached to your return. See IRS Pub 225. |
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Sched F \ N377 Other farm income | Illegal Federal irrigation subsidies, bartering income, income from discharge of indebtedness, state gasoline or fuel tax refund, the gain or loss on the sale of commodity futures contracts, etc. |
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Sched F \ N368 Sales livestock/product raised | Amounts you received from the sale of livestock, produce, grains, and other products you raised. |
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Sched F \ N369 Resales of livestock/items | Amounts you received from the sales of livestock and other items you bought specifically for resale. Do not include sales of livestock held for breeding, dairy purposes, draft, or sport. These are reported on Form 4797, Sales of Business Property. |
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Sched F \ N370 Custom hire income | The income you received for custom hire (machine work). |
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Sched F \ N371 Total cooperative distributions | Distributions received from a cooperative. This includes patronage dividends, non patronage distributions, per-unit retain allocations, and redemption of non qualified notices and per unit retain allocations. Reported on Form 1099-PATR. |
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Sched F \ N378 Cost of resale livestock/items | The cost or other basis of the livestock and other items you actually sold. |
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Sched F \ N543 Car and truck expenses | The business portion of car or truck expenses, such as, for gasoline, oil, repairs, insurance, tires, license plates, etc. |
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Help Sched H \ H565 Schedule H - Household employees | Schedule H is used to report Federal employment taxes on cash wages paid this year to household employees. Federal employment taxes include social security, Medicare, withheld Federal income, and Federal unemployment (FUTA) taxes. |
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^ Sched H \ N567 Cash wages paid | For household employees to whom you paid $1,100 (as of 1999) or more each of cash wages that are subject to social security and Medicare taxes. To find out if the wages are subject to these taxes, see the instructions for Schedule H. |
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^ Sched H \ N568 Federal tax withheld | Federal income tax withheld from total cash wages paid to household employees during the year. |
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Help Sched K-1 \ H446 Schedule K-1 - partnership income, credits, deductions | Schedule K-1 is used to report your share of a partnership’s income, credits, deductions, etc. Use a separate copy of Schedule K-1 for each partnership. |
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# Sched K-1 \ N448 Ordinary income or loss | Your share of the ordinary income (loss) from the trade or business activities of the partnership. This is reported to you on Schedule K-1. (You usually report this on Schedule E, See instructions for Schedule K-1) |
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# Sched K-1 \ N449 Rental real estate income or loss | The income or (loss) from rental real estate activities engaged in by the partnership. This is reported to you on Schedule K-1. (You usually report this on Schedule E, See instructions for Schedule K-1) |
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# Sched K-1 \ N450 Other rental income or loss | The income or (loss) from rental activities, other than the rental of real estate. This is reported to you on Schedule K-1. (You usually report this on Schedule E, See instructions for Schedule K-1) |
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Sched K-1 \ N451 Interest income | The amount of interest income the partnership reported to you on Schedule K-1. (You report this on Schedule B) |
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Sched K-1 \ N452 Dividends, ordinary | The amount of dividend income the partnership reported to you on Schedule K-1. (You report this on Schedule B) |
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# Sched K-1 \ N453 Net ST capital gain or loss | The short-term gain or (loss) from sale of assets the partnership reported to you on K-1. (You report this on Schedule D) |
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# Sched K-1 \ N454 Net LT capital gain or loss | The long-term gain or (loss) from the sale of assets the partnership reported to you on Schedule K-1. (You report this on Schedule D) |
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Sched K-1 \ N455 Guaranteed partner payments | A guaranteed payments the partnership reported to you on Schedule K-1. (You report this on Schedule E) |
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# Sched K-1 \ N456 Net Section 1231 gain or loss | The gain or (loss) from sale of Section 1231 assets the partnership reported to you on Schedule K-1. (You report this on Form 4797) |
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Sched K-1 \ N527 Royalties | The amount of the royalty income the partnership reported to you on Schedule K-1. (You report this on Schedule E) |
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Sched K-1 \ N528 Tax-exempt interest income | The amount of tax-exempt interest income the partnership reported to you on Schedule K-1. (You report this on Form 1040) |
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Help W-2 \ H458 Form W-2 - Wages earned and taxes withheld | Form W-2 is used by your employer to report the amount of wages and other compensation you earned as an employee, and the amount of federal and state taxes withheld and fringe benefits received. Use a separate copy of Form W-2 for each employer. |
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^ W-2 \ N267 Reimbursed moving expenses, self | Qualified moving expense reimbursements paid directly to you by an employer. |
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^ W-2 \ N460 Salary or wages, self | The total wages, tips, and other compensation, before any payroll deductions, you receive from your employer. |
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^ W-2 \ N461 Federal tax withheld, self | The amount of Federal income tax withheld from your wages for the year. |
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^ W-2 \ N462 Social Security tax withheld, self | The amount of social security taxes withheld from your wages. |
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^ W-2 \ N463 Local tax withheld, self | The amount of local taxes withheld from your wages. |
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^ W-2 \ N464 State tax withheld, self | The amount of state taxes withheld from your wages. |
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^ W-2 \ N465 Dependent care benefits, self | The amount dependent care benefits, including the fair market value of employer-provided or employer-sponsored day-care facilities you received. |
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^ W-2 \ N480 Medicare tax withheld, self | The amount of Medicare taxes withheld from your wages. |
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^ W-2 \ N506 Salary or wages, spouse | The total wages, tips, and other compensation, before any payroll deductions, your spouse receives from your spouse’s employer. |
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^ W-2 \ N507 Federal tax withheld, spouse | The amount of Federal income tax withheld from your spouse’s wages for the year. |
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^ W-2 \ N508 Social Security tax withheld, spouse | The amount of social security taxes withheld from your spouse’s wages. |
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^ W-2 \ N509 Local tax withheld, spouse | The amount of local taxes withheld from your spouse’s wages. |
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^ W-2 \ N510 Medicare tax withheld, spouse | The amount of Medicare taxes withheld from your spouse’s wages. |
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^ W-2 \ N511 State tax withheld, spouse | The amount of state taxes withheld from your spouse’s wages. |
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^ W-2 \ N512 Dependent care benefits, spouse | The amount dependent care benefits, including the fair market value of employer-provided or employer-sponsored day-care facilities your spouse received. |
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^ W-2 \ N546 Reimbursed moving expenses, spouse | Qualified moving expense reimbursements paid directly to your spouse by your spouse’s employer. |
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Help W-2G \ H547 Form W-2G - gambling winnings | Form W-2G is used to report certain gambling winnings. |
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^ W-2G \ N549 Gross winnings | The amount of gross winnings from gambling. This may include winnings from horse racing, dog racing, jai alai, lotteries, keno, bingo, slot machines, sweepstakes, and wagering pools. If the amount is large enough, it will be reported on Form W-2G. |
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^ W-2G \ N550 Federal tax withheld | The amount of federal income taxes withheld from gross gambling winnings. |
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^ W-2G \ N551 State tax withheld | The amount of state income taxes withheld from gross gambling winnings. |
Source: https://github.com/Gnucash/gnucash/tree/stable/libgnucash/tax/us/txf-help.scm