walkinwood
Thinks s/he gets paid by the post
- I learned this year that (for Vanguard's VFSUX, at least) the Short-Term Cap gains are included in the 1099-DIV.
- For funds with non-US securities, Foreign taxes paid are added to the sum of distributions in your 1099DIV. So, if you're estimating your 1099-DIV based on distributions, remember to add an estimate of foreign taxes paid. Use prior years to get a percentage for that fund. (In another thread, someone suggested 7%)
Are there any other "surprises" hidden in the 1099-DIV (or other 1099 statements)?
The "hidden additions" are particularly important for those managing MAGI for ACA since there is no ROTH-IRA recharacterization this year, so you have to get it right before 12/31. $1 over the 400% of poverty line (plus HSA contributions if you're eligible) and you could lose out on many thousands of dollars.
- For funds with non-US securities, Foreign taxes paid are added to the sum of distributions in your 1099DIV. So, if you're estimating your 1099-DIV based on distributions, remember to add an estimate of foreign taxes paid. Use prior years to get a percentage for that fund. (In another thread, someone suggested 7%)
Are there any other "surprises" hidden in the 1099-DIV (or other 1099 statements)?
The "hidden additions" are particularly important for those managing MAGI for ACA since there is no ROTH-IRA recharacterization this year, so you have to get it right before 12/31. $1 over the 400% of poverty line (plus HSA contributions if you're eligible) and you could lose out on many thousands of dollars.