UtahSkier
Recycles dryer sheets
File under what I learned today...
Those of us receiving the Obamacare subsidy, we need to manage our MAGI and not exceed the fiscal cliff.
For me, the cliff is around $64K and my target MAGI is 62K to give me some buffer for any kind of mistake.
In early December, I start filling out my taxes using HR Block and enter my data from quicken. I am filling out the various 1099 forms from my brokerage.
I am now entering my real 1099 Div information and have just learned that dividends paid on 1/31/18 are included in my 2017 1099 tax information.
It appears that the SPY etf is special and its dividend is recognized when the dividend is declared (12/15/2017) , not when it is paid like most other ETFs.
SPY - Dividend Recognition
https://ibkr.info/article/2060
Those of us receiving the Obamacare subsidy, we need to manage our MAGI and not exceed the fiscal cliff.
For me, the cliff is around $64K and my target MAGI is 62K to give me some buffer for any kind of mistake.
In early December, I start filling out my taxes using HR Block and enter my data from quicken. I am filling out the various 1099 forms from my brokerage.
I am now entering my real 1099 Div information and have just learned that dividends paid on 1/31/18 are included in my 2017 1099 tax information.
It appears that the SPY etf is special and its dividend is recognized when the dividend is declared (12/15/2017) , not when it is paid like most other ETFs.
SPY - Dividend Recognition
https://ibkr.info/article/2060