So with all this talk lately about managing income (to maximize capital gains harvesting, maximize ACA subsidies, etc.), I find myself drawing a complete blank at trying to semi-accurately estimate my 1099-DIV income.
In previous years, my year-to-year variance in 1099-DIV income was about 20% or so. This was good enough for general tax planning, but I'm seeing the need to get more accurate going forward, but can't think of any way to do so. I'm guessing I can factor in general stock market performance (and assume dividends will loosely correlate with stock performance), but it seems that it would be only a little more accurate than random guessing.
So, long winded way of getting to the question: Does anyone have any method for somewhat accurately estimating 1099-DIV income?
In previous years, my year-to-year variance in 1099-DIV income was about 20% or so. This was good enough for general tax planning, but I'm seeing the need to get more accurate going forward, but can't think of any way to do so. I'm guessing I can factor in general stock market performance (and assume dividends will loosely correlate with stock performance), but it seems that it would be only a little more accurate than random guessing.
So, long winded way of getting to the question: Does anyone have any method for somewhat accurately estimating 1099-DIV income?