TXF Export - Known Anomalies and Limitations
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, qrtrly"
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.
- Code: N460 " W-2 \ Salary or wages, self"
Code: N506 " W-2 \ Salary or wages, spouse"
and other related codes.
Information from only one job may be imported.
TurboTax 1999, 2000
- Code: N521 " F1040 \ Federal estimated tax, qrtrly"
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. 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
Most codes are not supposed to appear more than once. GnuCash
issues an error message if it detects this, but will still
export the data. These are not handled the same by TaxCut and
TurboTax.
- TurboTax
Sums the duplicate codes.
- TaxCut
Keeps only the LAST of the duplicate codes. i.e., "Job
One" is ignored and "Job Two" is kept.
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