scrabbler1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Nov 20, 2009
- Messages
- 6,819
As I have done the last few years, I am starting a thread where you can post any year-end (2023, this time) cap gain and dividend distributions by your brokerage company.
Here is last year's thread:
https://www.early-retirement.org/forums/f28/2022-year-end-distributions-115709.html
Fidelity's just came out for year-end 2023. Its contents may change as they add more estimates to the mix. Maybe they include dividends again?
And here are Fidelity's 2023 estimates so far:
https://www.fidelity.com/mutual-funds/information/distributions#/?table=estimated
I already saw some bad news, if the estimate holds up. One fund, a stock index fund, has projected a significant short-term cap gain distribution. It will cost me 11% in federal income taxes, 13% in ACA subsidy repayment, and 5.5% more in state income taxes.
I could be spared this nearly 29% marginal tax rate if the estimate ends up being too big, or if by some chance this is partially or fully consisting of a dividend distribution misclassified as a short-term cap gain, something I have seen before but not in a long time.
It's still 2 months away from being realized, so a lot can change.
Here is last year's thread:
https://www.early-retirement.org/forums/f28/2022-year-end-distributions-115709.html
Fidelity's just came out for year-end 2023. Its contents may change as they add more estimates to the mix. Maybe they include dividends again?
And here are Fidelity's 2023 estimates so far:
https://www.fidelity.com/mutual-funds/information/distributions#/?table=estimated
I already saw some bad news, if the estimate holds up. One fund, a stock index fund, has projected a significant short-term cap gain distribution. It will cost me 11% in federal income taxes, 13% in ACA subsidy repayment, and 5.5% more in state income taxes.
I could be spared this nearly 29% marginal tax rate if the estimate ends up being too big, or if by some chance this is partially or fully consisting of a dividend distribution misclassified as a short-term cap gain, something I have seen before but not in a long time.
It's still 2 months away from being realized, so a lot can change.