Cashflow neutral tax transactions
Submitted by jlaw42 on Thu, 09/13/2018 - 21:18Hello,
I have ownership in a pass-through entity that I'm trying to account for in ESPlanner and want to be sure I have my methodology correct with receipts/expenses and tax category. Typically I receive a non-taxable distribution and then account for the various deductions/gains in my taxes - but they are cash neutral. Here's the typical:
1.) Tax-neutral distributions - I believe should be recorded as Special Receipts, not tax related;