2024 Year-End Distributions

Yeah, the two I needed to look at were each less than .02 from last year's. The previous quarters were a lot more varied than that (and higher than last year), so I figured maybe it would be higher. But, at least my beginning of the year guess was pretty spot on for this quarter.
 
Midpack said:
I just looked and the estimate is almost exactly the same as the 2023 actuals for the 6 funds I own.
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yes; mine too. Could have been worse - the earlier quarters were a pop; at least it flattened out.
 
One of my Fidelity bond funds ended up paying 0.001 per share (one-tenth of a cent) even though its estimates indicated zero. Another Fido bond fund, one my snake-bit friend owns, did the same thing. These were short-term cap gains, so they are taxable as ordinary dividends. Really gonna mess up my spreadsheets LOL!
 
I am retired, I don’t need to waste my time estimating my current year income. At my income I just pay 110% of my previous year’s tax in 4 equal EFTPS payments. Most years I get a refund.
 
frank05 said:
I am retired, I don’t need to waste my time estimating my current year income. At my income I just pay 110% of my previous year’s tax in 4 equal EFTPS payments. Most years I get a refund.
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I'm retired. I don't want to waste my money by going over this cliff that I'm up against, when I could just use MM cash instead.

Last year, I inherited some cash early in the year, so had the opportunity to cap gains harvest at 0% tax rate at the end of the year...but wanted to know how much my divs were for last quarter so I could max the cap gains. Wouldn't have been a big deal to go over a little, but it's a logical reason to want to know ahead where my income would end up.
 
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Dalton said:
I'm retired. I don't want to waste my money by going over this cliff that I'm up against, when I could just use MM cash instead.
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also, there are charity limits based on AGI so I at least like to get the AGI close in December so we can come in around the limit rather than blowing past it and having a carryover on Schedule A
 
frank05 said:
I am retired, I don’t need to waste my time estimating my current year income. At my income I just pay 110% of my previous year’s tax in 4 equal EFTPS payments. Most years I get a refund.
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You probably don’t have to deal with IRMAA. Nor are you trying to optimize Roth conversions.
 
audreyh1 said:
This site does a great job of collecting links to year end distribution estimates from all the mutual funds. It’s pretty much my go to.
www.mutualfundobserver.com

2024 capital gains distribution estimates

'Tis that time of year again! Some preliminary estimates are now available. As in years past, please alphabetize your funds.
www.mutualfundobserver.com www.mutualfundobserver.com
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I checked the site for Vanguard, I get a 404 not found error. :-(
 
Time2 said:
Thanks, the link in post #3 has PYEEST and yours is FYEEST. Not sure why.
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That page has both links to Vanguard. I got the FYEEST link from that page. They probably don’t realize that the first Vanguard link is now broken. Yes, the way it’s documented is not clear, but looking at it I realized a new link had been added for Vanguard on Dec 10.
 
As best I can tell Wellington fund has a much larger total payout this year than last year.
$6.66 vs ~$2.60

Am I correct in this comparison for last year ?

Super annoying is they payout Dec 31, leave it to the last minute :banghead:

Yes, we have some in a taxable account :facepalm:
 
audreyh1 said:
That page has both links to Vanguard. I got the FYEEST link from that page. They probably don’t realize that the first Vanguard link is now broken. Yes, the way it’s documented is not clear, but looking at it I realized a new link had been added for Vanguard on Dec 10.
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I think that's because Vanguard didn't provide their estimates for dividends until the 10th. The first link only had estimates for capital gains distributions.
 
jj said:
Thank you for this - all I could find on the Vanguard website are the capital gains distribution estimates. I'm going to be interested to see how close the estimates are to reality.
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You're welcome. It was weird finding it. I assumed it hadn't come out yet, because it wasn't on the 2024 tax documents page, so I clicked to the tax documents for 2023, just to double check my numbers for last year, to compare, and there was the 2024 EOY report at the top.
 
I'm starting my tax planning and realize, I don't know what the estimates mean. In a taxable account, I have 370 shares of VTI, with $23k of gains, this years estimated QDI is 93%, and income divided estimate is $0.97. How do I convert that regular income and LTCG income. For kicks let's say I can stay in the 12% tax bracket.
 
Time2 said:
I'm starting my tax planning and realize, I don't know what the estimates mean. In a taxable account, I have 370 shares of VTI, with $23k of gains, this years estimated QDI is 93%, and income divided estimate is $0.97. How do I convert that regular income and LTCG income. For kicks let's say I can stay in the 12% tax bracket.
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The $23K is this realized gain?
 
When will Fidelity actually do the fund distributions? If they do it by December 30, you have time to adjust things, otherwise you cannot do anything.
 
Time2 said:
I'm starting my tax planning and realize, I don't know what the estimates mean. In a taxable account, I have 370 shares of VTI, with $23k of gains, this years estimated QDI is 93%, and income divided estimate is $0.97. How do I convert that regular income and LTCG income. For kicks let's say I can stay in the 12% tax bracket.
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Number of shares x dividend per share. 7% will be at regular income rate, 93% at long term cap gains rate. This is only for the 4th quarter, though - there were also distributions in Sep, Jun and Mar.

Don't know what you mean by the $23K gains. If you're talking about price appreciation, that's not taxed (until you sell shares).
 
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Good explanation by Mrfeh. To add to it - your 4th quarter dividend is predicted to be 370*$0.97 = $358.90. Add that amount to the YTD dividends posted on the vanguard site and you'll be very close to (if not exactly) the dividend for the year. 93% of the total dividend will be qualified.
 
frank05 said:
I am retired, I don’t need to waste my time estimating my current year income. At my income I just pay 110% of my previous year’s tax in 4 equal EFTPS payments. Most years I get a refund.
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So why waste time clicking on and then commenting on a thread that clearly has no use to you?
 
flyingaway said:
When will Fidelity actually do the fund distributions? If they do it by December 30, you have time to adjust things, otherwise you cannot do anything.
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I'm sure it depends on what funds you're referring to.

The primary Fido equity index funds had their major distributions on Dec 15th last year, and then smaller ones on the 27th. Not sure why the smaller ones occurred at the very end of the year...maybe final bookkeeping stuff necessitated it.
 
flyingaway said:
When will Fidelity actually do the fund distributions? If they do it by December 30, you have time to adjust things, otherwise you cannot do anything.
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The Fidelity distribution estimates document gives dates for each fund. I’m expecting several on Friday 12/20. And a few before that.
 
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