explanade
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 10, 2008
- Messages
- 7,442
Doing my taxes and Turbotax is calculating a penalty.
The dividends and cap gains distributions are growing every year but I'm not sure how to calculate them.
My impression is that many funds disburse more of the dividends and cap gains distributions towards the end of the year than distributing equal amounts every quarter.
Is that not the case?
If it is, how can the IRS expect you to predict how much overall they'll be?
Have anyone else been posting estimated tax payments in anticipation of the dividends and cap gains distributions raising their tax liabilities beyond what withholding and other tax payments are expected to cover?
The dividends and cap gains distributions are growing every year but I'm not sure how to calculate them.
My impression is that many funds disburse more of the dividends and cap gains distributions towards the end of the year than distributing equal amounts every quarter.
Is that not the case?
If it is, how can the IRS expect you to predict how much overall they'll be?
Have anyone else been posting estimated tax payments in anticipation of the dividends and cap gains distributions raising their tax liabilities beyond what withholding and other tax payments are expected to cover?