TXF Export Report
This report allows you to export all tax related Income and Expenses
to a TXF (Tax eXchange Format) file that can be imported into tax
filing programs such as TaxCut or TurboTax.
NOTE: For this to work, the user has to segregate taxable and
not taxable income to different accounts, as well as deductible
and non deductible expenses. The user also must Set the TXF category
of each tax related account. The "Txf Export Init" tab on the
parameter dialog allows this. It is best to set this up from the
Tax Report before actually running this report. Otherwise, you
will just get an empty file. There is a taxreport.xac file in the
examples directory, which shows one way this can be set up.
IMPORTANT: Most TXF codes should only appear on a single
account! The exceptions are codes preceded with "<" or "^",
which can appear many times. Of course, each duplicate should
have a unique payer name.
All of the parameters for the Tax Report still apply for the
actual export. Only the "Txf Export Init" parameters are described
here.
- The account(s) for which to set a TXF category. If no
account is selected nothing is changed. If multiple accounts
are selected, all of the Income accounts will be set to the
selected item in the INCOME list box, and all of the Expense accounts
will be set to the selected item in the EXPENSE list box.
- Print extended TXF HELP messages gives detailed descriptions
of each TXF category, instead of the usual tax report.
- INCOME TXF category selection (Select ONLY ONE!)
- TXF categories preceded with a "<" or "^" export a payer
name along with the value of the account. 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.
On the report above, "Money Market Fund One" is an example
of where the name of the current account is exported. This is
typically used when the fund pays only one type if income, such
as interest. For "Mutual Fund Four" and "Mutual Fund Five", the
categories "Long Term Cap Gain" and "Dividend Income" both will
export the name of the parent account. This is typically used
when the fund pays several different types of distributions. As
shown in this example, these funds have three types of
distributions, but the "Income" and "Short Term Cap Gain"
categories are totaled and exported together as "Dividend
Income", as they are taxed the same.
- Default as indicated in the list box
- < Current Account
- ^ Parent Account
- EXPENSE TXF category selection (Select ONLY ONE!)
Known anomalies and
limitations.
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